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| A Regional Finance Strategy to Restore the Health of the Great Lakes |
| Status: |
Completed |
| Grantee: |
Bricker & Eckler |
| Grant Amount: |
$685,000 |
| Award Date: |
December 8, 2006 |
| Contact: |
David Rogers |
| Phone: |
614-227-2367 |
| E-mail: |
drogers@bricker.com |
| Category: |
Market Mechanisms for Environmental Improvement |
| Origination: |
General Guidelines |
The ultimate goal of this project is to stop the contamination of streams, rivers, beaches, and coastlines by the release of untreated or partially treated waters from sanitary, storm, and combined sewer systems or other run-off. A team of lawyers, finance experts, agency representatives and others will develop an implementation plan for one or more new finance program(s) that will create new, low-cost, flexible capital to be used for activities described in the Strategy. The plan will be developed in conjunction with, and designed to operate along side of, existing state revolving loan funds (SRF) and environmental bond programs. The value is the new type of financing arrangements that are developed, not necessarily the creation of a new regional entity. New tax credits and multi-state tax exemptions will be explored to leverage federal commitments and lower the "bill" for the activities identified under the Regional Collaboration's Strategy. The regional program that results may be changes to, and new strategies embedded in, existing state programs. |
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