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 will not apply for project funding this cycle (May 2018). Below is a list of potential funding opportunities the District may choose to apply to in the future.
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. Grants can be obtained from TSEP for up to $500,000 if the projected user rates are less than 125% of the target rate, $625,000 if projected user rates are between 125% and 150% of the target rate, and up to $750,000 if the projected user rates are over 150% of the target rate. 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.
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. Grants of up $125,000 are available for projects that meet one of more of these objectives.
State Revolving Fund (SRF)
SRF provides low-interest loan funds for solid waste projects through the Water Pollution Control State Revolving Fund (WPCSRF). The SRF program is administered by the Montana Department of Environmental Quality. Current loan terms include an interest rate of 2.5% for a 20-year period.
USDA Rural Development (RD)
RD provides grant and loan funding to districts, municipalities and counties for infrastructure projects that improve the quality of life and promote economic development in Rural America. Communities with populations less than 10,000 are eligible to apply; however, RD gives the highest priority to projects that serve rural areas with populations equal to or less than 1,000.