The Biden administration announced Tuesday that it is distributing another $5.8 billion for water infrastructure projects around the country, paid for by one of its key legislative victories.
Over the course of two days, the Biden administration announced it would give the state more than $690 million for water projects this year.
On Tuesday, the United States Environmental Protection Agency said it would send California more than $391 million to improve its drinking water infrastructure this year.
On Wednesday, the U.S. Bureau of Reclamation said it would allocate $300 million to 24 projects for water delivery, storage and electricity in California.
The Fallbrook Public Utility District will be refinancing its debt for the wastewater treatment plant.
A 5-0 FPUD board vote, Aug. 24, approved the development of a financing plan and debt documents. FPUD expects to reduce its payments by $1.1 million over a 15-year period, or approximately $73,000 annually.
“With the current low interest rate environment, we had the opportunity to save a substantial amount of money,” Jack Bebee, FPUD general manager, said.
The Water News Network is San Diego County’s source for water news and information.
