Yukon government expands loan program for water wells

All of Yukon's municipalities have signed onto the territorial government's Domestic Water Well Program.

The program provides loans to people who want to drill wells on their land.

Previously only rural residentsliving outside municipal boundaries, qualified.

CarmacksMayorLee Bodiesays there's a great need for new wells in his community.

"I need a well and I just don't have an extra ten thousand dollars to buy a well," he says hypothetically. "The program will allow me to get someone out there to dig a new well and the government will pay for it and then I pay it back on taxes over time."

Loans through the program can reach $50,000. Theyare repaid through feescalled local improvement charges,which arepaid on an annual basis over adefined period of five, 10 or 15 years.

Interest is applied to the loansat a rate the government says is "based on the Bank of Canada rate at the time the application was approved."

The Yukon government says the program will help ease the long-term costs of water deliverywhile providing access to clean andreliable sources of drinking water.

The agreement was reached at theAssociation of Yukon Communities annual general meeting, which continues inHaines Junction until May 10.