Private Water Development Program
The Private Water Development Program provides loans and grants to individuals, partnerships, associations, and corporations. Applications for a grant or loan are obtained from the Department of Natural Resources and Conservation (DNRC).
Loans
The Private Water Development Program provides low-interest loans to private entities in Montana for the development of the following: water-related projects, efficient use of resources, best management practices for the agricultural community, and water and wastewater projects. Loan repayment may not exceed 30 years. The interest rate must be sufficient to cover the bond debt service for the loan and maintain a loan loss reserver fund. The length of the loans is 15 years for new equipment and 10 years for used equipment. Private loan limits are $200,000 or 80 percent of the fair market value of the security if the person is not a water user association member, and $300,000 or 80 percent of the annual net revenue of the system pledged for payment if the person is a water user association member.
Grants
The purpose of the Private Water Development Grant Program is to assist private entities meet regulatory requirements as the pertain to water use in Montana, i.e. potable water, sewer, and water measuring. Grant limits are $5,000 or less. There is no required fund or in-kind service match.
