The U.S. Environmental Protection Agency (EPA) announced an $8.7 million capitalization grant to Nevada for water infrastructure improvements.
The funds are being awarded for Nevada’s State Revolving Funds (SRFs) along with the state’s annual base SRF funding of $13.8 million.
The grant marks the first significant distribution of water infrastructure funds following the passage of the Bipartisan Infrastructure Law (BIL). The BIL allocates more than $50 billion toward repairs and upgrades for the nation’s water infrastructure.
“Nevada remains firmly committed to improving clean water infrastructure across the state and protecting water quality for all Nevadans, including our historically underserved communities," says Nevada Governor Steve Sisolak. "Nevada’s Clean Water State Revolving Fund, administered by the Nevada Division of Environmental Protection, has a strong record of partnering with communities to provide affordable financing for water infrastructure projects. I thank the Biden-Harris Administration and the U.S. Environmental Protection Agency for these historic investments that will further Nevada's efforts to improve water quality while increasing the state's resilience to drought and climate change for generations to come."
The Nevada Division of Environmental Protection (NDEP) is the administrator of Nevada's Clean Water and Drinking Water State Revolving Fund (SRF) programs, providing communities a permanent, independent source of low-cost financing for water quality infrastructure projects. NDEP provides various types of assistance, including loans, refinancing, purchasing, or guaranteeing local debt and purchasing bond insurance.
