SB1919 amends the Environmental Protection Act to establish a Water Revolving Fund for Illinois.
SB1919 amends the Environmental Protection Act to create a Water Revolving Fund within the State Treasury. This fund will provide financial assistance to local government units and privately owned community water supplies for various water management projects. The fund will be used for activities such as making direct loans at or below market interest rates, providing additional subsidization, and offering technical assistance. Notably, local government units with a population of 150,000 or more are ineligible for principal forgiveness through the Water Pollution Control Loan Program.
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- Legal Framework
- Critical Issues
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