SPRINGFIELD - Governor George H. Ryan today announced a single-month record of 31 low-interest loans involving more than $65 million for upgrading local drinking water and wastewater treatment facilities across Illinois in September.
“These loans are vital to the infrastructure of Illinois communities and will help construct facilities that will assure safe and abundant water supplies and modern sewage treatment systems,” Governor Ryan said.
Governor Ryan’s Illinois FIRST program assured full state matching funds for the federal funding that are provided to communities through programs administered by the Illinois Environmental Protection Agency.
Nine of the loans processed in September will allow construction of wastewater treatment facilities; the remainder are for drinking water facilities. The projects represent $26,363,128 in drinking water loans and $38,841,467 in wastewater loans. Individual project amounts ranged from $15,315 for a public water supply loan to Carlock, in McLean County, to $9,004,624 for a wastewater treatment project at Lincoln.
“This large number of water projects are particularly significant this year, the 30th anniversary of the passage of the federal Clean Water Act,” said Illinois Environmental Protection Agency Director Renee Cipriano.
The IEPA has issued loans for wastewater facilities since 1989 under a program arising from the Clean Water Act. A similar revolving loan program for drinking water
Facilities was authorized under the Safe Drinking Water Act in 1996. Together, the programs have provided more than $2 billion in loans to Illinois projects. Funding comes from a federal allotment and state matching funds. The 20-year loans are offered at half the current bond market interest rate. Repayments go back into the program to fund new loans.
Loans awarded in the record-setting month include:
PUBLIC WATER SUPPLIES (drinking water)
Bloomington (McLean County) $3,568,582
Bradford (Stark County) $ 716,000
Carlock (McLean County) $ 15, 315
Central Lake County Joint Action Water Agency $2,344,177
Colona (Henry County) $ 92,501
Crest Hill (Will County) $1,431,591
Downs (McLean County) $ 401,525
East Peoria (Tazewell County) $1,018,110
Glen Carbon (Madison County) $1,775,628
Hecker (Monroe County) $ 173,048
Hillsboro (Montgomery County) $1,562,174
Illinois-American Water Co. $2,900,458
Jacksonville (Morgan County) $ 770,893
Mackinaw (Tazewell County) $3,044,955
Minonk (Woodford County) $ 413,307
Oneida (Knox County) $ 875,000
Pierron (Bond,Madison counties) $ 545,000
Ramsey (Fayette County) $ 140,000
Salem (Marion County) $ 1,300,000
Teutopolis (Effingham County) $ 313,980
S. Jacksonville (Morgan County) $ 435,000
Barrington (Lake, Cook counties) $ 868,237
Cary (McHenry County) $7,353,381
Channahon (Will County) $6,137,883
Fairfield (Wayne County) $ 381,429
Geneva (Kane County) $5,500,000
Lincoln (Logan County) $9,004,624
Metamora (Woodford County) $3,000,000
McCullom Lake (McHenry County) $2,795,913
New Lenox (Will County) $3,800,000