The State Water Resources Control Board this week approved new low-interest financing terms for water recycling projects to help California produce an additional 150,000 acre-feet of recycled water annually, one of several actions Gov. Brown called for in his Drought State of Emergency.
Beginning immediately, the State Water Board’s Division of Financial Assistance is offering $800 million in 1 percent loans – approximately half the current interest rate – for water recycling projects that can be completed within three years of the governor’s Jan. 17 declaration.
Applications for funding must be submitted by Dec. 2, 2015.
Water recycling is the use of treated municipal wastewater for beneficial purposes, such as agricultural and landscape irrigation, industrial processes, and replenishing ground water basins.
Among the projects that will be eligible for funding are recycled water treatment, distribution and storage facilities.
“The governor’s drought proclamation directs us to accelerate funding for water supply enhancement projects that can break ground soon,” said State Water Board Chair Felicia Marcus. “Offering very low interest financing will provide an immediate incentive to construct more water recycling projects. And when coupled with the longer term financing option we approved late last year, this action will accelerate the production of nearly 150,000 acre-feet annually of new water for beneficial use when these projects reach completion. Californians will feel the benefit of this additional drought-proof water, year after year, for decades to come.”
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