December 16, 2024
Contact: MaryAnna Peavey, Grants and Loans Bureau Chief, MaryAnna.Peavey@deq.idaho.gov
BOISE – The Idaho Department of Environmental Quality (DEQ) today awarded $340,000 in drinking water assistance to Cedar Springs Community Water in Bonner County, Idaho.
The emergency funding assistance will be used to install a new drinking water source well and offset water hauling service fees.
The funds from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the United States Environmental Protection Agency, provides this funding with no repayment obligation. The favorable loan terms represent a savings to the community of $585,446 when compared to average costs for municipal general obligation debt issuances.