Created in 1968, the OWDA administers other revolving loan programs similar to the CAP clean water, safe water, pure water, and fresh water.
OWDA has administered loans totaling more than $8 billion of financing for more than 4,000 water and sewer projects throughout 88 counties, under various programs to entities.
By the end of 2011, OWDA expects to release approximately $43.
OWDA monitors borrowers annually for potential fiscal challenges that could affect loan repayments.
The Company noted that once the OWDA
public hearing is completed, a number of additional steps need to be successfully taken before these bonds may be marketed.
The CAP should continue to expand and diversify as OWDA
recently instituted a maximum loan size of $3 million per project and as local government demand for low-interest water, wastewater, and sewerage project financing remains strong.