WW revolving fund grants

The U.S. Department of Agriculture Rural Utilities Service (USDA RUS) awarded Alaska Municipal League a $200,000 Project Grant under the Grant Program to Establish a Fund for Financing Water and Wastewater Projects (CFDA 10.864), effective September 29, 2025, with a completion date of September 29, 2027. This award capitalizes a revolving loan fund that will enable AML to finance water and wastewater infrastructure projects in rural Alaskan communities, including pre-development costs, replacement equipment, and small-scale service extensions that support rural water and sanitation systems.

As a nonprofit organization with established expertise in rural infrastructure development and community financing, AML will leverage these funds to extend and improve water and waste disposal systems across Alaska's underserved municipalities and tribal communities. The revolving loan fund structure allows AML to disburse capital for qualified projects while maintaining a self-sustaining mechanism through loan repayment and redeployment of funds. AML is required to maintain comprehensive financial records, submit annual financial statements or audits in accordance with 2 CFR Part 200, and ensure funds are used exclusively for authorized water and wastewater project financing purposes in accordance with 7 CFR 1783.