Contact: MaryAnna Peavey, Grants and Loans Bureau Chief, maryanna.peavey@deq.idaho.gov

BOISE – The Idaho Department of Environmental Quality (DEQ) awarded $412,975 in low-interest drinking water lead service line loan funding today to the Camelot Water Association, Inc. in Canyon County, Idaho.

The funding will be used for replacement of drinking water lead service lines.

This funding comes from the Infrastructure Investment and Jobs Act, otherwise known as the Bipartisan Infrastructure Law, which supports the inventory and replacement of lead service lines within a public drinking water system. The loan carries a simple 1.00% interest rate, is payable over 30 years, and has a $178,831 principal forgiveness. The favorable loan terms represent a $512,805 savings to the community when compared to average costs for municipal general obligation debt issuances.