Bucks and Montgomery counties were big winners this week as the state announced that $500 million is being distributed for water and sewer projects.
The funding, part of the "H2O PA" program, was allocated through the Commonwealth Financing Authority. The authority received 728 applications from across the state totaling $2.6 billion in requests and approved $500 million for projects on Tuesday. . . .
H2O PA was created in 2008 to fund water and sewer projects, as well as storm water projects, flood control projects and dam repairs.
The funding is provided through an $800 million bond financed by 5 percent of gaming revenue deposited in the Pennsylvania Gaming and Economic Development and Tourism Fund. The bond issue is expected to be floated soon and funds could be made available by the fall.
To be eligible for funding, a project must be owned by a municipality or authority and must include local matching funds.
The Commonwealth Financing Authority evaluates applications, with the Department of Environmental Protection and the Pennsylvania Infrastructure Investment Authority providing technical review and assistance.
The Bucks County Water and Sewer Authority is receiving $128,666 for the Plumstead surge tank.
