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Infrastructure replacement plan funded
The District of Invermere is getting funding for an Infrastructure Replacement Priority Plan.
The district is getting $65,000 out of the Gas Tax Fund, it was announced today.
Each year the Government of Canada transfers over $253 million to the Province of British Columbia through the federal Gas Tax Fund (GTF). The funding is predictable, permanent and indexed to provide communities with a reliable ongoing funding source for their local infrastructure projects.
The GTF provides communities with maximum flexibility. They can spend, bank, pool or use the funds to pay down infrastructure loans. Communities are free to direct the GTF to the eligible infrastructure projects they choose.
In British Columbia, the Union of British Columbia Municipalities (UBCM) administers the Gas Tax Fund, in partnership with Canada and British Columbia.
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