There are a number State and Federal grant and loan opportunities which provide funding for infrastructure projects. Grant and low-interest loan programs can help reduce the financial burden of large construction projects. Each funding agency has specific requirements and some opportunities will fit a project better than others.
The District applied for a $500,000 grant to the Delivering Local Assistance program in 2019. Awards for that program are expected to be main in January 2020. The following funding has been awarded for the Clancy Water Project:
$750,000 Treasure State Endowment Program (TSEP)
TSEP is a state funded grant program administered by the Montana Department of Commerce (MDOC). TSEP provides financial assistance to local governments for infrastructure improvements. TSEP grant recipients are required to match the grant dollar for dollar, but the match may come from a variety of sources including other grants, loans, or cash contributions.
$125,000 Renewable Resource Grant and Loan Program (RRGL)
Funded through interest accrued on the Resource Indemnity Trust Fund and the sale or Coal Severance Tax Bonds, RRGL is a state program administered by the Montana Department of Natural Resources and Conservation (DNRC). RRGL’s primary purpose is to conserve, manage, develop, or protect Montana’s renewable resources.
$450,000 Community Development Block Grant Program (CDBG)
Montana’s CDBG Public and Community Facilities grants help local governments fund construction or rehabilitation of infrastructure and facilities, benefitting low- to moderate-income Montanans. There is a 25% match requirement that may come from a variety of sources including other grants, loans, or cash contributions.
$200,000 Water Resources Developmental Act (WRDA)
WRDA funding authorizing legislation and is administered by the U.S. Army Corps of Engineers to address infrastructure needs critical for the Nation’s economic competitiveness and domestic security.