INNOVATIVE STRATEGIES FOR FINANCING SANITARY SEWER SYSTEM CAPITAL IMPROVEMENTS

Spartanburg Sanitary Sewer District (“SSSD” or the “District”) is located in Spartanburg County, South Carolina, which is situated on the Interstate 85 corridor between Charlotte, North Carolina, and Atlanta, Georgia. During the past decade, the county experienced rapid growth, occurring primarily in rural areas. This growth created a demand for investments in all types of infrastructure. Through the use of an innovative and unique financing structure, SSSD was able to raise the required capital to finance significant sewer system improvements with minimal rate impact on existing customers, while contemporaneously improving wastewater treatment facility permit (“NPDES”) compliance and reducing pollutant loading into area streams.