Projects must be financially feasible as determined by KIA staff. This program provides financing for solid waste management facilities that are consistent with area plans for waste management. Loans have been used primarily to date for recycling projects and landfill closure. Projects must be recommended by the Kentucky Division of Waste Management and must be financially feasible as determined by KIA staff. The interest rates for each program change periodically as the market changes but alwaysremain low compared to most alternatives.
Terms vary depending upon the useful life of the facility being financed.
Mostloans are for terms of 20 to 30 years and payable semi-annually. Applications maybe submitted at any time. Such concerns as need, environmental impact, urgency, reasonablecost, design and economic development impact are considered. Following review and recommendation by all state agencies involved, loans must receiveapproval by the Kentucky Infrastructure Authority Board.