BOND MADISON WATER COMPANY
IEPA LOAN NO. L174892
WATER SYSTEM IMPROVEMENTS
Improvements to the Bond Madison Water Company’s water distribution system, including rural water main extensions in Bond County, painting the Shawnee tower, and replacement of the SCADA system will begin construction soon. Funding for this project is being provided by a low interest loan from the Illinois Environmental Protection Agency’s Public Water Supply Loan Program (PWSLP). The PWSLP is funded by both state and federal sources. The $3,200,000 loan has an interest rate of 1.4% and will be repaid over 30 years. The loan also includes principal forgiveness. These improvements will provide potable water to rural residents in Bond County and will improve the operations of the Water Company’s water distribution system.