The Arkansas Governor’s office announced that the state’s Natural Resources Commission approved $153.9 million in loans and grants to fund numerous sewage and water systems across the state. The funding will come from a variety of state and federal sources to provide money to over fifty projects throughout the state of Arkansas.
The majority of the funding will come from the Clean Water Revolving Loan Fund. This pot of federal money is used for wastewater system improvements. It will provide $81.4 million in awards to 16 total projects across the state. This money will go towards projects in a variety of different sized communities like Little Rock’s Water Reclamation Authority, which serves more than 200,000 people, and the wastewater system in Blevins, which serves 150 people.
Other federal funding will be provided through the Clean Drinking Water Revolving Loan Fund. $54.6 million will go towards 28 total projects creating drinking water system improvements. Most of the loans from this, and the above, revolving funds will come with principal forgiveness. Funding for both revolving loan funds increased in recent years because of the Infrastructure Investments and Jobs Act of 2021.
$16.8 million in state loans and grants will fund nine total projects. Additionally, six projects will be paid a total of $1.1 million in grants from the Small, Underserved and Disadvantaged Communities Grant Program.
The list of approved water projects and the information regarding the specific projects can be found here.
Photo by PS Photography from Pexels
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