This bill appropriates $15,000,000 to the Department of Environmental Services for eligible wastewater projects. The appropriation is for the fiscal year ending June 30, 2024, and the fiscal year ending June 30, 2025. The funds are to be used for funding wastewater projects that have been approved before June 30, 2024. The governor is authorized to draw a warrant for the funds from the treasury.
The fiscal impact of the bill is as follows: in FY 2024, there will be an expenditure of $12,362,390, and in FY 2025, there will be an expenditure of $15,496,220. These expenditures are for maintenance payments on existing State Aid Grant awards for completed projects. The grants cover a percentage of the principal and interest for 20 years on the eligible costs of acquisition and construction of sewage disposal facilities by municipalities. The funding source for the appropriations is not specified in the bill. The Department of Environmental Services has included these amounts in their operating budget request for FY 2024 and FY 2025.