Press release:
Assemblyman Steve Hawley (R,C,I-Batavia) announced that interest-free loans have become available for certain municipalities to make improvements to their wastewater infrastructure systems. The availability of this cheaper funding for up to 30 years means smaller governments and towns in the district may now have the financial means to upgrade their infrastructure.
“I am excited about the availability of these new zero-percent loans,” Hawley said. “This is a case where a decision has the potential to positively impact communities and residents at the local level. Many local governments in my district struggle to keep taxes low and finance community projects due to costly state mandates and rising healthcare costs. These interest-free loans will hopefully absorb some of the financial stress placed on our local governments and allow them to finance long-term design and construction of more efficient wastewater infrastructure systems. In doing so, we can employ local construction groups, protect the environment and allow for more efficient removal and purification of our residents' wastewater.”
Hawley’s comments come after The Environmental Facilities Corporation Board of Directors approved $288 million worth of zero-percent interest loans for wastewater infrastructure improvements Thursday. The City of Olean and Village of Malone were the first to take advantage of the new loan funding.
"The Environmental Facilities
"The Environmental Facilities Corporation Board of Directors" People there are jobs out there you just have to discover them.
I'll get back to you on what kind of compensation these directors receive.....
all I could find as far as
all I could find as far as board members is the president and ceo of the EFC, Matthew Driscoll and his payroll for whatever it is he does is $155,000.
Looks like just another state
Looks like just another state government dept that operates as a public benefit corporation...http://www.efc.ny.gov/Default.aspx?tabid=81 ..The public has very little say in how this operates..Works kind of like GCEDC...
They were also being investigated for questionable loans they made this past summer
http://www.capitalnewyork.com/article/albany/2014/09/8552775/state-boar…
Public Benefit Corporations
Public Benefit Corporations are just another scheme for reallocation of fleeced taxpayers money. BLine Bus is one, while OTB is one also... ??!!!!!! What a fraudulent dichotomy. But add the 0% interest and these loans are adding to the economic debt bubble that will burst one of these days, then we are all in for some real bad times.
Public Benefit Corporations
Public Benefit Corporations are just another scheme for reallocation of fleeced taxpayers money. BLine Bus is one, while OTB is one also... ??!!!!!! What a fraudulent dichotomy. But add the 0% interest and these loans are adding to the economic debt bubble that will burst one of these days, then we are all in for some real bad times.