May 14, 2024
Contact: MaryAnna Peavey, Grants and Loans Bureau Chief, MaryAnna.Peavey@deq.idaho.gov
BOISE – The Idaho Department of Environmental Quality (DEQ) today announced the award of a $130,840 low-interest drinking water construction loan to the city of Moyie Springs in Boundary County, Idaho.
The funding will provide emergency drinking water assistance for the construction of a new water main, which is necessary to restore of the city’s supply source.
The funds from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the United States Environmental Protection Agency, provides funding with no repayment obligation. The favorable loan terms represent a $220,135 savings to the community when compared to average costs for municipal general obligation debt issuances.