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EPA REGION 2 REPORTS RECORD YEAR FOR FUNDING WASTEWATER CONSTRUCTION GRANTS AND REVOLVING LOAN PROGRAM

 EPA REGION 2 REPORTS RECORD YEAR FOR FUNDING
 WASTEWATER CONSTRUCTION GRANTS AND REVOLVING LOAN PROGRAM
 NEW YORK, Dec. 5 /PRNewswire/ -- The U.S. Environmental Protection Agency (EPA) today announced it has funded a record $560 million in fiscal year 1991 for grants to states within its Region 2 to aid municipalities to construct wastewater treatment projects. New York State received $436 million; New Jersey, $106 million; Puerto Rico, $18 million; and the U.S. Virgin Islands, $200,000.
 "Historically, outlays have been about $470 million annually," said Constantine Sidamon-Eristoff, regional administrator, "but we now lead the other regions of the nation in outlays with 23 percent of the $2.4 billion spent nationally."
 Since 1972, the federal Clean Water Act provided direct federal EPA grants of over $50 billion nationally, and $10 billion in Region 2, to municipalities for wastewater treatment construction projects. The Water Quality Act of 1987 ended the direct construction grants in fiscal year 1990 and replaced them with a program in which federal grants are made to the states, up to fiscal year 1995, for a loan fund through which municipalities get construction assistance which they eventually pay back to the fund.
 Region 2 has awarded eight grants for $750 million to the State Revolving Fund loan program and anticipates awarding another 10 grants worth over $645 million through the end of the program in 1994. Even though awards for new projects end then, federal outlays will continue for several years until construction is completed and the program closed out.
 "With the phase-out of direct grants to municipalities in fiscal year 1990, we anticipate those outlays to fall off significantly in the near future," Eristoff said. "Also, the revolving fund capitalization grants are scheduled to end by fiscal year 1995 so that the $560 million in fiscal 1991 may be our peak year."
 -0- 12/5/91
 /CONTACT: Herman Phillips of EPA, 212-264-2515/ CO: U.S. Environmental Protection Agency ST: New York, New Jersey IN: SU:


JT -- NY050 -- 9729 12/05/91 14:07 EST
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Publication:PR Newswire
Date:Dec 5, 1991
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