- Associated Press - Tuesday, July 14, 2015

PROVIDENCE, R.I. (AP) - The Rhode Island Clean Water Finance Agency has announced that it sold its first round of bonds that will be used to fund wastewater improvement projects throughout the state.

The agency announced Monday that the “Green Bonds” will be used to make low-interest loans to Burrillville, Newport, Warwick, West Warwick and Woonsocket.

The Providence Journal reports (https://bit.ly/1K58dcs ) that the bonds will also finance loans to the Narragansett Bay Commission, an agency that manages wastewater and stormwater in Providence and the Blackstone Valley.

The money will go toward upgrades that aim to reduce the amount of nutrients that are discharged into waterways and flow into Narragansett Bay.

It will also fund the construction of a facility that will use biogas as a source of renewable energy.

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