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Show Sewer funds approved Utah's Water Pollution Control Committee has authorized an $800,000 loan to the Timpanogos Special Service District to upgrade local facilities to meet state requirements by mid 1985. The Committee has also approved a $250,000 loan to Lehi City to build a new sewer line. The loans are part of over $5 million approved by the committee, a part of the Utah Department of Health. According to Don Ostler, engineering and construction grants chief, Bureau of Water Pollution Control, all loans are made at 7.3 percent interest. Mr. Ostler said that, "most, if not all, of the $8.7 million left in the loan fund will be authorized for essential wastewater facilities construction projets by early January 1984." Ostler said the program features an unusual credit enhancement program with allows the committee to make loans to political subdivisions sub-divisions to help lower the interest rate on locally issued bonds. The program, believed to be the first of its kind, has already helped some areas save over $1 million, Ostler said. |