by David Speidel — District Conservationist
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by David Speidel — District Conservationist
President George W. Bush has signed a bill providing $1 million for loans to low-to-moderate income persons for the installation or improvement of household water wells.
The National Ground Water Association, which supported the federal assistance, hailed the $1 million appropriation as an important step toward meeting an urgent national need. Some 3.6 million low-to-moderate income households across the country use outmoded water wells, according to the U.S. Department of Agriculture.
From the $1 million, grants will be awarded to nonprofit entities, which in turn will provide loans to eligible persons for constructing, refurbishing or servicing household water well systems. The loans would have a maximum interest rate of 1% with a term of up to 20 years.
Information on the Foundation and its low-interest loan program can be found on the web by going to www.wellowner.org and clicking on “Financing.” For more information, contact Cliff Treyens at 800-551-7379 or [email protected].