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Maryland's Comprehensive Conservation Finance Act: A Blueprint for Regulatory Infrastructure


In Brief
Maryland’s Legislature recently considered, but did not have time to pass, SB0737 the Comprehensive Conservation Finance Act after it was developed collaboratively with both conservation nonprofit and private capital groups.
The bill tweaks a number of regulations concerning conservation programs to crowd-in private capital for a greater quantity and diversity of conservation projects for the Chesapeake Bay.
More broadly, it spurs discussion about incentives for land aggregation vehicles and capacity building in the conservation finance ecosystem.
(Courtesy the Conservation Fund.) From idea to impetus to investment, Maryland s bill aims for impact. 
A Bill to Bring Private Capital to Public-Private ....

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City officials dig in at wellfield project groundbreaking


CADILLAC — As officials dug their golden shovels into the soil, Cadillac s somewhat unusual plan to build a third wellfield is officially underway.
When the project is complete next summer, the city s oldest wellfield will go offline, as it s being threatened by contamination.
The city never wants to be in this position again, so leaders decided to build two new wellfields, one on Crosby Road (it s been up and running for the better part of a decade) and a second on East 44 Road.
The second new wellfield provides, ideally, a fail-safe; if anything were to go wrong at Crosby Road (or vice versa), the city has another wellfield that can stay up and running. ....

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State awards $46.7M in low interest loans to Springfield Water and Sewer Commission for major improvements


State awards $46.7M in low interest loans to Springfield Water and Sewer Commission for major improvements
Updated 11:18 AM;
Today 11:18 AM
The Springfield Water and Sewer Commission has secured $46.7 million in low-interest loans for capital improvements. Approximately 37,000 aeration heads (as shown here) will be upgraded as part of improvements to the biological nutrient removal system in the aeration basins at the Springfield Regional Wastewater Treatment Facility in Agawam.
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SPRINGFIELD The Springfield Water and Sewer Commission has been awarded $46,750,000 in low-interest subsidized loans for major capital improvement projects.
The loans are expected to save the commission and ratepayers a total of $19.7 million over a 20-year period, due to the reduced interest rates over the traditional bond market, and some forgiveness of principal, said Jaimye Bartak, commission spokeswoman. ....

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