IWRB's financial program assists in the development of the state's water resources through the construction of water projects as well as groundwater conservation projects and studies. Projects eligible for financing include new construction or rehabilitation of existing water projects. Listed below are example projects.
IWRB is authorized to award loans for the financing of water projects. The term of the loan can range from 5 to 30 years with the average term of 10 to 15 years. The term of the loan varies depending on the amount borrowed, the scope of the project, the ability of the borrower to repay the loan, and the length of time the borrower requests.
This account was created to financially assist, develop, and support the development of water resources of the state through the construction, rehabilitation, improvement, or extension of existing systems. The funds must be used in the public interest for the development of water projects as deemed by the IWRB. Approved funds are made available to irrigation districts, irrigation organizations, water user associations, and municipal or private corporations. In certain cases, the funds are made available to individuals for financing project costs provided that no loan given is used for feasibility studies except as part of the overall project costs.
Financial support from this program goes to new water projects or the rehabilitation of existing projects, but is limited to the purpose of reclamation, upstream storage, off stream storage, aquifer recharge, reservoir site acquisition and protection, water supply, water quality, recreation, and water resource studies (including feasibility studies for qualifying projects). Expenditures from the account provide public moneys for participation in any project constructed using funds from the Revolving Development Account. Grants and loans may be made from the account for any project in the public interest for projects authorized as listed above.
The bond program provides funds for the rehabilitation and repair of existing irrigation projects and irrigation facilities; the construction, maintenance, repair, and operation of water projects; and, engineering, investigation, and promotion costs of water projects. Bonds issued under this program are payable solely out of revenues of the IWRB.
For more details including program guidelines, visit the Forms page.
Ground Water Conservation Grants
The Ground Water Conservation Grant Program provides financial assistance to municipalities and other eligible entities interested in pursuing groundwater conservation projects and studies. Pursuing ground water conservation can help water providers reduce water demands, lower operational costs such as pumping and water treatment, and reduce or postpone the need for additional water supplies. To be considered for funding, entities must be metered or have a plan for metering.
For more details including grant criteria, visit the Forms page.