State Water Pollution Control Revolving Fund Loans

Current Loan Information

The Water Pollution Control SRF was created by the 1989 Legislature. It is designed to combine federal grant money with state matching money to create a low-interest loan program that funds community wastewater treatment projects. DNRC and DEQ co-administer the SRF program. The U.S. Environmental Protection Agency (EPA) makes a grant of federal funds to the state. The state must match 20 percent of that grant. The state’s share is derived from the sale of state general obligation bonds. Loans are made by DNRC to public entities at an interest rate of 4 percent for up to 20 years.

Since the program started, the State of Montana has issued $17.1 million in general obligation bonds, and EPA has contributed $101.9 million in grants, which accounts for the $118 million program level. Fifteen loans were closed in the 2002 construction season for a total of $26 million. See CARDD Table 7 for a listing of current loans. The program expects to make loans of $20 million in FY 2003. The 1997 Legislature authorized this program to start financing landfills for small communities effective July 1, 1997 ; no landfill loans have been made to date, but two are expected to close in FY 2003.

The City of Great Falls borrowed $12.1 million to rehabilitate its wastewater treatment facility. It will be a 20-year loan at 4 percent. Many communities are facing this same problem; their treatment plants are 30 years old and need rehabilitation.

Also in FY 2002, the Town of Geraldine borrowed $113,000 to make wastewater system improvements. This community demonstrated a hardship and received a 3 percent interest rate. Their loan term is only 15 years.

Wastewater Revolving Loans

Loans Completed	Amount	Loans Completed	Amount
Augusta	$ 506,000	Kevin	$ 47,000
Belgrade	1,058,000	Lincoln/Lewis & Clark Sewer District	309,000
Big Sky # 1	5,513,000	Manhattan	636,000
Big Sky # 2	417,000	Missoula
Bigfork	1,000,000	39^th Street	1,395,000
Big Timber	389,000	California Street	502,000
Butte-Silver Bow	5,307,000	Mullan Road	1,820,000
Cascade # 1	202,000	NW Broadway	943,000
Cascade # 2	1,218,000	Pineview SID	658,000
Choteau Refinance	109,000	Rattlesnake	304,000
Choteau #1	500,000	Reserve Street	2,221,000
Colstrip #1	300,000	Reserve Street SID	2,671,000
Colstrip #2	503,000	Reserve Interceptor	537,000
Columbia Falls	2,509,000	Reserve/Pineview	718,000
Columbus	1,540,000	Special Improvement District #520	2,634,000
Conrad	711,000	Storm and Sewer	4,577,000
Conrad Refinance	233,000	Wapikiya/Bellevue Add- on	324,000
Corvallis #1	235,000	Wapikiya/Bellevue Clarifier #1	2,465,000
Corvallis #2	351,000	Wapikiya/Bellevue Clarifier # 2	1,177,000
Cut Bank # 1	531,000	Missoula County
Cut Bank # 2	800,000	Linda Vista # 1	241,000
Darby	111,000	Linda Vista # 2	1,943,000
Denton # 1	55,000	Park County # 1	378,000
Denton # 2	139,000	Park County # 2	83,000
Dillon	1,993,000	Red Lodge #1	390,000
Drummond	53,000	Red Lodge #2	3,934,000
East Helena	91,000	Resource Development Bureau
Flathead County		#1 Nonpoint Source	1,500,000
Bigfork	424,000	#2 Nonpoint Source	1,750,000
Evergreen #1	3,600,000	#3 Nonpoint Source	2,000,000
Evergreen # 2	700,000	#4 Nonpoint Source	2,225,000
Forsyth	1,303,000	#5 Nonpoint Source	2,100,000
Fort Benton	1,177,000	#6 Nonpoint Source	2,500,000
Geraldine	113,000	River Rock W & S District	3,100,000
Glasgow # 1	402,000	Ronan	620,000
Glasgow # 2	1,048,000	Saint Marie ( Glasgow )	150,000
Glasgow #3	778,000	Shelby	481,000
Glasgow #4	252,000	Shelby Refinance	453,000
Glendive # 1	236,000	Superior	82,000
Glendive # 2	376,000	Sweet Grass	80,000
Great Falls	12,100,000	Townsend	1,071,000
Harlowton	777,000	Troy	1,817,000
Harrison W&S District	322,000	Valier #1	200,000
Havre	2,161,000	Valier #2	19,000
Helena	9,320,000	Vaughn – Cascade W&S District	248,000
Hot Springs	158,000	Victor	300,000
Kalispell	3,913,000	Worden – Ballantine W&S District	260,000
Kessler School	185,000	Wolf Point	453,000
		TOTAL	$118,035,000