From: DEQ Online Subscriptions

Sent: Thu Aug 13 10:11:04 2009

To: MCALLISTER Larry

Subject: DEQ's Clean Water State Revolving Fund Loan Program

Importance: Normal

The Department of Environmental Quality is proposing to revise its Clean Water State Revolving Fund loan program administrative rules that will allow DEQ to create a special reserve for state fiscal year 2010 program funds. The temporary rule changes in OAR 340-054-0110 to 340-054-0118 will allow DEQ to set aside 50 percent of the program funds, or about $24.25 million, to a special reserve that will fund new priority projects. DEQ also proposes to offer a financial incentive of zero percent interest for these new priority projects. The rules will be presented for adoption at the Environmental Quality Commission meeting on August 21^st in Newport, Oregon. More information on the proposed rulemaking and the Commission meeting is posted on DEQ’s website. Specific questions should be directed to Rick Watters 503-229-6814 (Portland Metro Area), 1(800) 452-4011 x6814 (statewide), or watters.rick@deq.state.or.us.

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