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Ohio EPA Issues Final 2014 Water Pollution Control Loan Fund Program Management Plan
Ohio EPA has released the final 2014 Water Pollution Control Loan Fund (WPCLF) Program Management Plan. It includes a record $1.68 billion in loan funding requests.
The WPCLF is a revolving loan fund designed to provide low-interest loans and technical assistance for projects that protect or improve the quality of Ohio’s rivers, streams, lakes and other water bodies. Funding is available to most public and some private entities. The plan includes a list of projects proposed for assistance in 2014.
Changes to the program include:
- Extended-term 30-year financing for select projects will be offered for the first time, designated for long-term combined sewer overflow projects that exceed a cost of $20 million.
- Adds a commitment to administer the fund on a standardized, predictable, annual schedule. The nomination period will be in August each year, although planning projects can be nominated at any time. The program management plan will be finalized by the beginning of each year.
- Restructuring and updating the various appendices in the Program Management Plan make it easier for readers to find the information they need in one place.
Since 1989, Ohio’s Water Pollution Control Loan Fund has awarded more than $6 billion in below-market financing for sewage treatment plant upgrades and other water quality improvement projects, saving borrowers more than $1.1 billion in interest.
The loan program is managed by Ohio EPA with assistance from the Ohio Water Development Authority. For more information, including Ohio EPA’s response to public comments, click here.
The Ohio Environmental Protection Agency was created in 1972 to consolidate efforts to protect and improve air quality, water quality and waste management in Ohio. Since then, air pollutants dropped by as much as 90 percent; large rivers meeting standards improved from 21 percent to 89 percent; and hundreds of polluting, open dumps were replaced with engineered landfills and an increased emphasis on waste reduction and recycling.