holiday closure - february 20, 2012
* The Ohio Water Development Authority office will be closed on Monday, February 20th in observance of President's Day, and will re-open on Tuesday, February 21st at 8:00 a.m.
FRESH WATER PROGRAM INTEREST RATE modified permanently as of may 26, 2011
* The Contract Interest Rate that was previously extended through 12/31/2011 shall be modified on a permanent basis as of May 26, 2011 as follows:
Calculated monthly, as of the first day of each month, based on previous 8 week average of the Bond Buyer GO 20 Bond Index. Rates for annual loan amounts per local governmental agency above $40,000,000 will be based on previous 8 week average of the Bond Buyer GO 20 Index + 50 basis points. Some discounts available for construction loans.
LOCAL GOVERNMENT INNOVATION FUND
*The Local Government Innovation Fund (LGIF), established through HB 153 in 2011, presents an opportunity to assist Ohio political subdivisions that provide a variety of services including water and/or sewer to promote efficiency, collaboration, merger, and shared services. Projects also are expected to facilitate improved business environments and promote community attraction.
The LGIF program administered by the Ohio Department of Development will award up to $100,000 in grant funds per feasibility study, up to $100,000 in loan assistance per entity for demonstration projects, and up to $500,000 in loan assistance for multi-entity projects to be used for demonstration projects. Grant funds will be awarded biannually and loan funds will be awarded quarterly through a competitive and open selection process (RFQ / RFP). For more information regarding the program, please visit the website at www.development.ohio.gov/Urban/LGIF.htm.