BISMARCK, N.D. – The State Revolving Fund (SRF) programs, jointly administered by the North Dakota Department of Environmental Quality (DEQ) and the North Dakota Public Finance Authority (PFA), awarded three loans in October and November to support critical water infrastructure needs across the state.
The U.S. Environmental Protection Agency provides a portion of the SRF programs’ funding. The programs offer below-market interest loans to political subdivisions for projects authorized under the Clean Water Act and the Safe Drinking Water Act. SRF programs operate nationwide to help communities maintain and improve the water infrastructure that protects vital water resources.
Loans are awarded based on project eligibility and prioritization determined by the DEQ and the PFA, including a review of repayment ability. The PFA is overseen by the North Dakota Industrial Commission, consisting of Gov. Kelly Armstrong as chairman, Attorney General Drew H. Wrigley and Agriculture Commissioner Doug Goehring.
For more information about the projects referenced in this release, contact the Department of Environmental Quality at ndsrf@nd.gov.