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Published on Friday, September 19, 2014

Did you get a Public Works Trust Fund Loan Between 1998 and 2008?

AWC has recently learned that cities who received PWTF loans between 1998 and 2008 are being asked by the Department of Commerce to agree to change the payment date for their loans from July 1 to June 1. This one-month date change would change the fiscal year that repayment revenues would be received by the state, and may have implications for diversion of these payments into the state operating budget rather than back into the Public Works Assistance Account. AWC is investigating the rationale and ramifications of this request and will provide more details soon.