Twenty Iowa cities, including Sioux City, have been awarded loans totaling just over 42-million dollars from the State Revolving Loan Fund to do planning or work on their local water systems.
The Iowa Finance Authority runs the program and executive director Dave Jamison says Sioux City can use the 14-point-4-million dollars for treatment plants, piping or anything else related to the water.
Jamison says the cities usually repay the loans from the revenue they get from the water systems.
He says putting the loan in a revolving fund has worked well and the fund is about to make a complete 360. The state has seen a variety of issues in the past couple of years with drought to flooding impacting water supplies. Jamison says this program helps cities ensure the delivery of food water and the proper treatment of wastewater.
For more information on State Revolving Loan Fund programs, visit: www.iowasrf.com.
CONTRIBUTED BY LEARFIELD COMMUNICATIONS