DEQ grants Moyie Springs a low interest loan

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.

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.

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