Public Water Supply Loan Program

The Public Water Supply Loan Program (PWSLP) provides low interest loans to eligible recipients, primarily local government units, for the construction of community water supply facilities and other facilities that fulfill federal State Revolving Fund (SRF) requirements for a Green Project Reserve. The loan program is capitalized annually with federal grants and state matching funds, with these amounts supplemented by program repayments that now exceed $20 million on an annual basis. Loans carry a maximum twenty-year term, with interest rates set annually at one-half the bond market rate, and funds are awarded competitively with an annual pre-application deadline of March 31.