Senator Steve Saland (R,I,C Poughkeepsie) announced passage of his bill (S.6098) which establishes a linked deposit program in order for lenders to make low-interest loans to eligible borrowers for water pollution control projects.
"Safeguarding our water supply is one of the most important efforts we can make to protect both the health of New Yorkers and our environment," said Senator Saland. "But homeowners and small businesses, including small farms, often find that remediating water pollution problems is cost prohibitive and our environment can suffer as a result."
This legislation builds upon the State’s firm commitment to protect the health of its citizens and safeguard the environment for future generations. Low interest loans are critical to help homeowners and small businesses address on-site waste water treatment and non-point source pollution control projects. Using invested funds rather than a State appropriation will help the State keep that commitment.
The bill has already passed the Assembly and will now be sent to the Governor for his signature.