Tuesday, May 31, 2011

Texas awarded economic recovery funds for water infrastructure projects - Charlotte Business Journal:

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EPA officials say this new infusion of moneh from the American Recovery and Reinvestmengt Act will help state and local governmente invest in a number of overdue waterr projects that officials say are essentiapl to protecting public health andthe environment. The funde should also help boost the economh andcreate jobs, two of the qualificationss for receiving stimulus funding. “Investing in the economyt and the environment isa win-win,” EPA Acting Regional Administrator Lawrence E. Starfield says. “These fundsa will not only help oureconomi recovery, but they will help provide clean drinking water for communities throughout Texas.
” The funds will be used toward the Drinking Water State Revolving Fund program, which provided low-interest loans for drinkinb water systems to finance infrastructurew improvements. The program places an emphasis on small and disadvantagee communities and to programs that encouragepollutioh prevention. Nationwide, the EPA is furnishingf $2 billion to fund drinkintg water infrastructure projects across the country in the formof low-interesft loans, principal forgiveness and At least 20 percenft of the stimulus funds have been earmarkefd for “green” infrastructure, water and energy efficienct improvements and other environmentally innovative

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