Staff Analysis of the Legislation
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This legislation expands the uses of the Georgia Environmental Finance Authority's Reservoir Fund to cover leak-detection, conservation-type and other water supply system assets. The Reservoir Fund will be renamed the "Georgia Reservoir and Water Supply Fund." While ACCG certainly recognizes the importance of leak detection and conservation, GEFA currently has about $318 in loaning capacity available for these purposes via its Georgia Fund, Clean Water and Drinking Water loan programs; whereas the Reservoir Fund only has $41 million in loaning capacity. |