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Amendment to FY 2019 loan policies for state water pollution control revolving fund CWSRF and state drinking water revolving loan fund DWSRF by South Carolina Water Quality Revolving Fund Authority
South Carolina Rural Infrastructure Authority
South Carolina Rural Infrastructure Authority
Issue Date
2020-10-01
Type
Text
Keywords
Government lending--South Carolina, Water pollution control industry--South Carolina--Finance, South Carolina Water Quality Revolving Fund Authority
Abstract
When the FY 2019 Loan Policies were established on October 1, 2018, the municipal bond market
interest rates were trending upward, but began to decline in 2019. The descent accelerated in 2020 to
historically low levels due to the economic impact of the Covid-19 pandemic. It is due to these
dramatically altered circumstances that the South Carolina Water Quality Revolving Fund Authority, by
this action, is authorizing a reduction to the FY 2019 interest rates which are currently the highest in our
portfolio.
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))