April 13, 2021
BOISE — The Idaho Department of Environmental Quality (DEQ) today announced the award of a $1.65 million low-interest drinking water construction loan to the city of Priest River in Bonner County.
The funding will be used to construct a new 440,000-gallon reservoir and install a new generator.
DEQ is authorized by state law to make loans to assist in the construction of public drinking water systems. The loan from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the US Environmental Protection Agency, carries a simple 2.75% interest rate, is payable over 20 years.
Grants & Loans Bureau Chief