Tag Archive for: AWP Project

East County Advanced Water Program Joint Powers Authority Issues Green Bonds: $433 Million in Tax-Exempt Interim Notes

The East County Advanced Water Purification Joint Powers Authority (Authority) plans to issue approximately $433,235,000 in tax exempt, fixed rate notes on September 4, 2024. The Notes are being issued to finance, on an interim basis, a portion of the design, construction, and development costs of the East County Advanced Water Purification (AWP) Project.

The Notes are special, limited obligations of the Authority payable solely from Net Revenues of the Authority, and, if needed, other funds held by the Authority. The East County AWP Project is currently estimated to cost $950 million. The Authority has secured two low interest loans – a $378 million, 0.8% SRF Loan with the State Water Resources Control Board and a $388 million, 1.95% WIFIA loan with the Environmental Protection Agency.