WaterPro Magazine - 2017 - 44

important. Since the program began, NRWA
has reinvested payments and pay-offs for
further capitalization. This continues to
assist rural and small systems with the
greatest financial need when commercial
funding is unavailable or impractical. The
additional capital will also enhance the RUS
Loan and Grant Program further by making
pre-development financing available for
projects and emergency loans with a short
turnaround.
These funds have been used for a variety
of purposes. The majority of funds have been
used for system upgrades, while other uses
have been for service lines, equipment and
efficiency upgrades and pre-development
costs. Susan Darsey, North Kaweah Mutual
Water Company, said her board conveyed
how important their $100,000 loans were
to their project. "Without this 'bridge' loan
between conception and funding, we could
not have undertaken the project," she said.
These loans have been requested from
systems that range from a population of
under 500 to over 1,500.
The Revolving Loan program provides a
short, easy application process and a quick
turnaround time. This approach is both

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WATERPRO 12017

efficient and is of considerable benefit to the
small systems. This simple process is vitally
important for the financial support it provides
to small and rural systems. The Revolving
Loan process allows loans to be handled with
immediacy and timeliness, which is critical
in the event of a disaster or emergency. It
will allow funds to be made available for
immediate use for systems impacted by
disasters and other emergencies. This is
confirmed by Claudia Smythe, Citrus Cove
HOA in Winter Garden, Florida, who said she
was "able to accomplish this in a relatively
short timeframe."
Included in the goals of the Revolving
Loan program are to continue the selfsustainability of the fund; make financing
available to the smallest communities with
the lowest incomes; provide direct loans to
areas that lack running water, flush toilets
and modern sewage disposal systems and
areas which have open sewers and high rates
of disease caused by poor sanitation; reduce
energy costs and increase sustainability of
rural systems by emphasizing energy and
water efficiency components in loans; and
provide customer-focused, individualized
assistance with loan applications. These

goals have been successfully implemented
and have filled the void that exists in small
and rural communities.
National Rural Water Association's
commitment to RUS and to the small
and rural communities is to keep the
process simple and to provide funding to
eligible water and wastewater systems.
The maximum that can be borrowed is
$100,000 or 75 percent of the total project
for a maximum period of 10 years. An
applicant must be eligible for an RUS loan
or grant or lack the resources to fund the
project independently, and they must have
the legal capacity to borrow and repay
loans, to pledge security for loans, and
to operate and maintain the facilities in
question. The facilities to utilize the loan
funds must be in rural areas or in cities and
towns with populations up to 10,000.
The Revolving Loan program is in place
to help the small and rural communities,
and NRWA is here to assist these
systems. The marriage of the NRWA
and the Revolving Loan program meets
the goals of both. If your system needs
assistance, this should be the first place
you look. ●

6/21/17 3:26 AM


http://www.halogenvalve.com http://www.halogenvalve.com

Table of Contents for the Digital Edition of WaterPro Magazine - 2017

Rural Water Systems Flourishing with Support of USDA
NRWA's Regulatory Committee
Associational Opportunity
The Success of the Revolving Loan
Tennessee’s Volunteers Establish Emergency Water Treatment Plant in Under Three Weeks
WaterPro Apprenticeship Advances
NRWA Products and Services
From the President
From the Deputy CEO
Index to Advertisers/ Advertisers.com
WaterPro Magazine - 2017 - Intro
WaterPro Magazine - 2017 - cover1
WaterPro Magazine - 2017 - cover2
WaterPro Magazine - 2017 - 3
WaterPro Magazine - 2017 - 4
WaterPro Magazine - 2017 - 5
WaterPro Magazine - 2017 - 6
WaterPro Magazine - 2017 - 7
WaterPro Magazine - 2017 - 8
WaterPro Magazine - 2017 - 9
WaterPro Magazine - 2017 - 10
WaterPro Magazine - 2017 - From the President
WaterPro Magazine - 2017 - 12
WaterPro Magazine - 2017 - From the Deputy CEO
WaterPro Magazine - 2017 - 14
WaterPro Magazine - 2017 - 15
WaterPro Magazine - 2017 - 16
WaterPro Magazine - 2017 - Rural Water Systems Flourishing with Support of USDA
WaterPro Magazine - 2017 - 18
WaterPro Magazine - 2017 - 19
WaterPro Magazine - 2017 - 20
WaterPro Magazine - 2017 - 21
WaterPro Magazine - 2017 - NRWA's Regulatory Committee
WaterPro Magazine - 2017 - 23
WaterPro Magazine - 2017 - 24
WaterPro Magazine - 2017 - 25
WaterPro Magazine - 2017 - 26
WaterPro Magazine - 2017 - 27
WaterPro Magazine - 2017 - 28
WaterPro Magazine - 2017 - 29
WaterPro Magazine - 2017 - 30
WaterPro Magazine - 2017 - 31
WaterPro Magazine - 2017 - 32
WaterPro Magazine - 2017 - 33
WaterPro Magazine - 2017 - 34
WaterPro Magazine - 2017 - Associational Opportunity
WaterPro Magazine - 2017 - 36
WaterPro Magazine - 2017 - 37
WaterPro Magazine - 2017 - 38
WaterPro Magazine - 2017 - 39
WaterPro Magazine - 2017 - 40
WaterPro Magazine - 2017 - 41
WaterPro Magazine - 2017 - 42
WaterPro Magazine - 2017 - The Success of the Revolving Loan
WaterPro Magazine - 2017 - 44
WaterPro Magazine - 2017 - 45
WaterPro Magazine - 2017 - Tennessee’s Volunteers Establish Emergency Water Treatment Plant in Under Three Weeks
WaterPro Magazine - 2017 - 47
WaterPro Magazine - 2017 - 48
WaterPro Magazine - 2017 - 49
WaterPro Magazine - 2017 - 50
WaterPro Magazine - 2017 - WaterPro Apprenticeship Advances
WaterPro Magazine - 2017 - 52
WaterPro Magazine - 2017 - 53
WaterPro Magazine - 2017 - NRWA Products and Services
WaterPro Magazine - 2017 - 55
WaterPro Magazine - 2017 - 56
WaterPro Magazine - 2017 - Index to Advertisers/ Advertisers.com
WaterPro Magazine - 2017 - 58
WaterPro Magazine - 2017 - cover3
WaterPro Magazine - 2017 - cover4
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