The U.S. Environmental Protection Agency (EPA) annually presents its prestigious AQUARIUS and PISCES awards. Both awards provide national recognition to projects funded by the Drinking Water State Revolving Fund (DWSRF) and Clean Water Revolving Loan Fund (CWRLF). Two Virginia projects were recipients of these awards during a virtual Council of Infrastructure Financing Authorities event held December 14, 2020.
Local governments across the Commonwealth depend on the Virginia Pooled Financing Program (VPFP) to help finance key infrastructure improvements that serve residents and local businesses.
Expanding the Impact of the Clean Water and Drinking Water Programs through Inaugural Joint Bond Issuance
Together with state agency partners, VRA plays an important role in helping keep Virginians safe and healthy. This mission is even more important as the Commonwealth faces the many challenges associated with the COVID-19 pandemic. VRA, in partnership with the Virginia Department of Environmental Quality (DEQ) and Virginia Department of Health (VDH), serves as the financial administrator of the Clean Water Revolving Loan Fund (CWRLF) and Drinking Water State Revolving Fund (DWSRF). Both of these funds have a daily impact on improving the quality of life in communities across Virginia.
In 2002, VRA issued bonds on behalf of Goochland County to finance utility system improvements in the County’s Tuckahoe Creek Service District (TCSD). TCSD is best known for the West Creek development that has flourished on the eastern end of the County. In 2012, the County was assisted again by VRA with the restructuring of the 2002 debt that was designed to provide Goochland with a debt service schedule and loan terms better suited to Goochland's long-term needs. In 2020, the County again partnered with VRA to capture debt service savings through the refunding of the 2012 bonds.
Congratulations to VRA Board Vice-Chair Rhu Harris on Being Named a Richmond Times-Dispatch Person of the Year!
Congratulations are in order to Rhu Harris on being named a 2020 Richmond Times-Dispatch Person of the Year Honoree. Rhu Harris has spent a career in public service, and we are grateful that this has included serving on VRA’s Board of Directors. In recognition of his leadership and deep knowledge of local government needs, the Board re-elected Rhu as Vice Chair at its September 15, 2020 meeting.
On August 21, Governor Northam announced appointments to the VRA Board of Directors. VRA is excited to welcome these two newly-appointed members.
Cynthia Bailey was appointed to serve on the VRA Board of Directors in August 2019, continuing her many years of distinguished public service.
The Town of Marion owns and operates a 3.4 million gallons per day treatment plant called the Mountain Empire Regional Wastewater Facility. Through this facility, the Town provides sewer service to its 3,580 residential, industrial and commercial customers.
Despite challenging market conditions since the onset of the COVID-19 crisis, VRA successfully managed the VPFP Series 2020A spring pooled issuance on behalf of local government borrowers. VRA priced the bonds on May 20th and closed on June 3rd.
VRA Board member and Personnel Committee Chair Reggie Gordon is involved in helping his local community in a variety of ways, beyond his service on the VRA Board of Directors.
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