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EPA officials say this new infusion of money from the American Recover and Reinvestment Act will help stater and local governments invest in a number of overdued water projects that officials say are essential to protectingb public health andthe environment. The funds shoulsd also help boost the economy and create two of the qualifications for receivingstimulus funding. “Investing in the economy and the environment isa win-win,” EPA Acting Regionak Administrator Lawrence E. Starfield says.
“These funds will not only help oureconomic recovery, but they will help provide safe, clean drinkinh water for communities throughout The funds will be used towarx the Drinking Water State Revolvinfg Fund program, which provides low-interest loans for drinkinvg water systems to finance infrastructurre improvements. The program placesa an emphasis on small and disadvantaged communities and to programas that encouragepollution Nationwide, the EPA is furnishing $2 billiojn to fund drinking water infrastructure projectse across the country in the form of low-interest principal forgiveness and grants.
At least 20 perceny of the stimulus funds have been earmarkedfor “green” water and energy efficiency improvementse and other environmentally innovative projects.
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