INDIANAPOLIS, Ind. — State Sen. Ron Alting (R-Lafayette) announced today that Lafayette qualifies for a $750,000 federal grant to move forward with wastewater system updates.
Alting said the grant monies were made available from the American Recovery and Reinvestment Act of 2009 and he has supported the wastewater improvement projects for several years.
This is one of the state’s first stimulus water projects to be announced.
“These stimulus funds will save residents from having to assume the financial burden and pay higher fees to fund necessary infrastructure improvements,” Alting said. “Not only will this investment in water infrastructure help to serve current residents by improving water quality, it will also prepare the community of Lafayette for future economic development opportunities.”
Alting said the recovery act will distribute about $125 million in funds to the Indiana State Revolving Fund (SRF), a program managed by the Indiana Finance Authority (IFA) that provides loans and grants to communities for wastewater and drinking water projects.
For more information about the SRF Loan Program, visit the IFA Web site at www.in.gov/srf.
