State Water Pollution Control Revolving Fund Loans
The Water Pollution Control SRF was created by the 1989 Legislature. It is designed to combine federal grant money with state matching money to create a low-interest loan program that funds community wastewater treatment projects. DNRC and DEQ co-administer the SRF program. The U.S. Environmental Protection Agency (EPA) makes a grant of federal funds to the state. The state must match 20 percent of that grant. The state's share is derived from the sale of state general obligation bonds. Loans are made by DNRC to public entities at an interest rate of 4 percent for up to 20 years.
Since the program started, the State of Montana has issued $17.1 million in general obligation bonds, and EPA has contributed $101.9 million in grants, which accounts for the $118 million program level. Fifteen loans were closed in the 2002 construction season for a total of $26 million. See CARDD Table 7 for a listing of current loans. The program expects to make loans of $20 million in FY 2003. The 1997 Legislature authorized this program to start financing landfills for small communities effective July 1, 1997 ; no landfill loans have been made to date, but two are expected to close in FY 2003.
The City of Great Falls borrowed $12.1 million to rehabilitate its wastewater treatment facility. It will be a 20-year loan at 4 percent. Many communities are facing this same problem; their treatment plants are 30 years old and need rehabilitation.
Also in FY 2002, the Town of Geraldine borrowed $113,000 to make wastewater system improvements. This community demonstrated a hardship and received a 3 percent interest rate. Their loan term is only 15 years.
Wastewater Revolving Loans
Loans Completed |
Amount |
Loans Completed |
Amount |
Augusta |
$ 506,000 |
Kevin |
$ 47,000 |
Belgrade |
1,058,000 |
Lincoln/Lewis & Clark Sewer District |
309,000 |
Big Sky # 1 |
5,513,000 |
Manhattan |
636,000 |
Big Sky # 2 |
417,000 |
Missoula |
|
Bigfork |
1,000,000 |
39 th Street |
1,395,000 |
Big Timber |
389,000 |
California Street |
502,000 |
Butte-Silver Bow |
5,307,000 |
Mullan Road |
1,820,000 |
Cascade # 1 |
202,000 |
NW Broadway |
943,000 |
Cascade # 2 |
1,218,000 |
Pineview SID |
658,000 |
Choteau Refinance |
109,000 |
Rattlesnake |
304,000 |
Choteau #1 |
500,000 |
Reserve Street |
2,221,000 |
Colstrip #1 |
300,000 |
Reserve Street SID |
2,671,000 |
Colstrip #2 |
503,000 |
Reserve Interceptor |
537,000 |
Columbia Falls |
2,509,000 |
Reserve/Pineview |
718,000 |
Columbus |
1,540,000 |
Special Improvement District #520 |
2,634,000 |
Conrad |
711,000 |
Storm and Sewer |
4,577,000 |
Conrad Refinance |
233,000 |
Wapikiya/Bellevue Add- on |
324,000 |
Corvallis #1 |
235,000 |
Wapikiya/Bellevue Clarifier #1 |
2,465,000 |
Corvallis #2 |
351,000 |
Wapikiya/Bellevue Clarifier # 2 |
1,177,000 |
Cut Bank # 1 |
531,000 |
Missoula County |
|
Cut Bank # 2 |
800,000 |
Linda Vista # 1 |
241,000 |
Darby |
111,000 |
Linda Vista # 2 |
1,943,000 |
Denton # 1 |
55,000 |
Park County # 1 |
378,000 |
Denton # 2 |
139,000 |
Park County # 2 |
83,000 |
Dillon |
1,993,000 |
Red Lodge #1 |
390,000 |
Drummond |
53,000 |
Red Lodge #2 |
3,934,000 |
East Helena |
91,000 |
Resource Development Bureau |
|
Flathead County |
#1 Nonpoint Source |
1,500,000 |
|
Bigfork |
424,000 |
#2 Nonpoint Source |
1,750,000 |
Evergreen #1 |
3,600,000 |
#3 Nonpoint Source |
2,000,000 |
Evergreen # 2 |
700,000 |
#4 Nonpoint Source |
2,225,000 |
Forsyth |
1,303,000 |
#5 Nonpoint Source |
2,100,000 |
Fort Benton |
1,177,000 |
#6 Nonpoint Source |
2,500,000 |
Geraldine |
113,000 |
River Rock W & S District |
3,100,000 |
Glasgow # 1 |
402,000 |
Ronan |
620,000 |
Glasgow # 2 |
1,048,000 |
Saint Marie ( Glasgow ) |
150,000 |
Glasgow #3 |
778,000 |
Shelby |
481,000 |
Glasgow #4 |
252,000 |
Shelby Refinance |
453,000 |
Glendive # 1 |
236,000 |
Superior |
82,000 |
Glendive # 2 |
376,000 |
Sweet Grass |
80,000 |
Great Falls |
12,100,000 |
Townsend |
1,071,000 |
Harlowton |
777,000 |
Troy |
1,817,000 |
Harrison W&S District |
322,000 |
Valier #1 |
200,000 |
Havre |
2,161,000 |
Valier #2 |
19,000 |
Helena |
9,320,000 |
Vaughn - Cascade W&S District |
248,000 |
Hot Springs |
158,000 |
Victor |
300,000 |
Kalispell |
3,913,000 |
Worden - Ballantine W&S District |
260,000 |
Kessler School |
185,000 |
Wolf Point |
453,000 |
TOTAL |
$118,035,000 |
For Additional Information Contact:
Anna Miller annam@mt.gov
Montana Department of Natural Resources and Conservation
Resource Development Bureau
1625 Eleventh Avenue
Helena, Montana 59620-1601
Phone: 406-444-6668
FAX: 406-444-6721
Website Address: http://dnrc.mt.gov
