10/10 Weekly Newsletter
“Show me the money!” - a catch phrase made popular from the 1996 movie Jerry Maguire, that is still commonly used today.
When managers of a water or wastewater system find themselves at the point that they can no longer “get by”, and need funding for an upgrade or addition onto the system, the first step in the process - finding the money .
Ideally, systems would have set rates many years before, that allowed them to have saved enough to self-fund the project; however that is seldom the case.
Of the half-dozen or so funding agencies that are commonly approached by systems, three that we at Rural Water often direct systems towards are: the State Revolving Fund (SRF) - managed by the Division of Drinking Water: USDA/Rural Development - Federal Government, with local offices around the state: Wastewater SRF - managed by the State Division of Water Quality.
All offer opportunities for both grant and low interest loans.
As expected, there are eligibility requirements, particularly when seeking grant money. Often systems do not qualify because the median gross income of their customer base is too high. Those that do, often find that setting rates high enough to meet the required average monthly bill that grant money eligibility stipulates, too difficult. Alternately, when a system either doesn’t qualify, or chooses not to go the grant route, attractive financing through low-interest loans are typically offered, .
All three agencies have support staff that will guide you through the process. If you’d like some help getting started, the staff here at Rural Water would be happy to assist you.
Nominate For An Award
Each year at RWAU’s Annual Conference in St. George, Utah, the Association presents awards to member systems, as well as system personnel who have done an outstanding job of running their water or wastewater system. Most awards are given based on performance in the 2017 calendar year. This is your chance to nominate someone who deserves an RWAU Award for their hard work – even if it’s you!
Exhibitors Register & Reserve Your Booth For Annual Conference Today!
February 26 – March 2, 2018
The Dixie Center, St. George, Utah
(1835 Convention Center Drive, St. George, UT 84790 )