EFC APPROVES $497.5 MILLION IN GRANTS & LOANS TO UPGRADE LOCAL WASTEWATER AND DRINKING WATER SYSTEMS
By NYSEFC -

During, the second quarter of EFC’s fiscal year, commencing in July and ending on September 30, the Board of Directors of the New York State Environmental Facilities Corporation (EFC) has approved $497.5 million in grants and interest-free and low-cost loans to support vital wastewater and drinking water infrastructure projects throughout New York State.


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https://www.efc.ny.gov/

The EFC has issued more than $13 billion in both tax-exempt and taxable revenue bonds. The statutory basis for substantially all EFC activity stems from Title 12 of Article 5 of the NYS Public Authorities Law (also called the "EFC Act") in 1970.

EFC is involved in a comprehensive effort to protect and preserve the high-quality water supply in the New York City Watershed, while preserving and enhancing the economic vitality and social character of the communities within the watershed.

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