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Sen. Rose Announces Over $31.5 million in Water/Sewer Projects in East Central Illinois

– State Sen. Chapin Rose (R-Mahomet) announced over $31.5 million in Illinois Environmental Protection Agency (Illinois EPA) water related infrastructure projects for east central Illinois. 

“Investing in water infrastructure is an investment in the future of our communities,” Sen. Rose affirmed. “With aging infrastructure and increasing environmental challenges, these projects are vital to provide to clean and safe water for the impacted communities”.

The projects include loans to the following entities: the Sangamon Valley Public Water District will receive $10,513,832; the City of Newman will receive $463,323; the Village of Rantoul will receive $17,932,603; and the City of Hoopeston will receive $2,654,918 for water infrastructure projects. Some of the projects are illegible for partial loan forgiveness – a huge benefit to local citizens. 

Illinois EPA’s State Revolving Fund includes two loan programs, the Water Pollution Control Loan Program which funds both wastewater and stormwater projects, and the Public Water Supply Loan Program for drinking water projects. Both programs provide funding at a low interest rate of just 1.81 percent for State FY24. These SRF programs receive federal capitalization funding annually, which is combined with state matching funds, interest earnings, repayment money, and periodic bond sale proceeds, to form the source of financing for these infrastructure projects. The state matching funds for State FY2020-2024 are being provided through Governor Pritzker’s bipartisan Rebuild Illinois Capital Plan, thus increasing the funding capacity of both loan programs.

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