GEFA Approves Environmental Infrastructure Projects Totaling $6.9 Million for Seven Georgia Communities
| Thursday, November 18, 2010 |
Contact: Office of Communications 404-651-7774
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“Investment in our state’s water infrastructure stimulates the economy, promotes the stewardship of our natural resources and helps to meet Georgia’s future water needs,” said Governor Perdue. “The projects approved today will improve water system efficiency and will ensure clean and safe water.”
“The water programs administered by GEFA assist local governments with improving their environmental infrastructure,” said GEFA Executive Director Kevin Clark. “Financing water projects encourages economic growth and the stewardship of our environment.”
Clark expressed appreciation to Governor Perdue and to the members of the General Assembly for their support. He credited Governor Perdue’s commitment to helping
“GEFA financing for water infrastructure helps communities in all areas of the state,” said J.C. Warren, acting chairman of the GEFA board of directors and member of the Screven County Board of Commissioners. “The projects that we agreed to finance today demonstrate that GEFA is investing in communities that are willing to invest in themselves.”
GEFA helps communities prepare for economic growth and development through the provision of low-interest loans.
The Drinking Water State Revolving Fund (DWSRF) is a federal loan program administered by GEFA for water infrastructure projects. Eligible projects include public health-related water supply construction.
The Georgia Fund is a state-funded program administered by GEFA for water, wastewater and solid waste infrastructure projects. The program has maximum flexibility and accessibility, and offers fast loan and grant approvals. The Georgia Fund provides loans and grants to local governments for projects such as water and sewer lines, treatment plants, pumping stations, wells, water storage tanks and water meters. Low-interest loans from this program are available up to $3 million.
Below are details of the loans approved today:
City of Commerce
The city of
Henry County Water & Sewerage Authority was approved for a Drinking Water State Revolving Fund (DWSRF) loan of $2,652,000 to finance water main construction. HCWSA will pay three percent interest on the 20-year loan for $2,652,000 with 30 percent of the principal amount drawn to be forgiven.
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Cities and counties interested in more information regarding GEFA loans should visit www.gefa.org or call (404) 584-1000.
About the Georgia Environmental Finance Authority (www.gefa.org)
The Georgia Environmental Finance Authority (GEFA) provides energy, land and water resources resulting in an improved quality of life for today and future generations. GEFA is the lead agency for state energy programs and is home to the Center of Innovation for Energy; directs the Georgia Land Conservation Program and maintains state-owned fuel storage tanks; and offers financing for reservoir and water supply, water quality, storm water and solid waste infrastructure. Since 1985, GEFA has approved financial commitments totaling more than $3 billion to local governments, businesses and nonprofit organizations. For more information, visit www.gefa.org.
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