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Saratoga Community Receives Funding to Safeguard Water Resources
Wednesday, August 18, 2004
Senate Majority Leader Joseph L. Bruno today announced $701,000 in State grants and interest-free financing for drinking water and water pollution control projects in the City of Mechanicville. The funding is provided through the New York Drinking Water and Clean Water State Revolving Funds.
"I�d like to thank Governor Pataki for his efforts in partnering with local communities which has enabled us to fund a project right here in Mechanicville which will protect our local water supply and ensure that all residents have access to safe, clean drinking water," said Senator Bruno. "These new funds will enable Mechanicville to facilitate projects that will protect our environment and enhance the quality of life for local residents."
The City of Mechanicville, in Saratoga County, will receive $701,000 for interest-free, short-term loan finance costs associated with the design and construction of Phase II of the City�s sewer separation and control project to prevent overflows of untreated sewage to the Hudson River. The construction of the project is expected to be completed in October 2004.
The New York Drinking Water and Clean Water State Revolving Funds (DWSRF/CWSRF) offer significant financial assistance for public water suppliers to finance needed water and sewer infrastructure improvements. Financial assistance includes grants (drinking water only), short-term interest free loans, and long-term interest-free and low interest rate loans.
Administered by the New York State Environmental Facilities Corporation (EFC) and the State Department of Health (DOH), the DWSRF has provided more than $1 billion in financing for drinking water improvement projects throughout New York State. The CWSRF is administered by EFC and the State Department of Environmental Conservation (DEC), and has provided communities with more than $10 billion in financing for water pollution control projects.
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