December 7, 2021
Contact: MaryAnna Peavey, Grants and Loans Bureau Chief, MaryAnna.Peavey@deq.idaho.gov
BOISE — The Idaho Department of Environmental Quality (DEQ) today announced the award of a $1,197,800 low-interest drinking water construction loan to the city of Dayton in Franklin County.
The funding will be used to drill two replacement wells, install backup power, connect replacement wells to existing storage tanks, upgrade distribution lines, and add a flow meter.
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 Environmental Protection Agency, carries a simple 2.25% interest rate, is payable over 20 years.