DES MOINES — A new program focused on preventing and cleaning up polluted runoff from city streets and agricultural land will soon award more than $12 million to 22 Iowa communities.
The funding for the new program comes from the Clean Water State Revolving Fund, a loan fund for wastewater and other water quality projects.
On a typical CWSRF loan, the wastewater utility borrows money and repays it plus interest and fees. On a CWSRF loan with a sponsored project, a portion of the money that the utility normally would have paid in interest goes toward an additional watershed-based water quality project. Through an interest rate adjustment, the utility’s ratepayers get both wastewater and watershed projects for the cost of one.