Interim Financing Update

FLTF previously documented in its Restoration Plan that an additional $10 million of funding in 2022 would be needed to stay on our plan. While we anticipate the state legislation will pass and provide significant funding to restore the lakes, FLTF is pursuing $10 million in a Grant Anticipation Note to bridge until we get state funds so we can stay on our current timelines for the stabilization of the dams.
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While we hope the note is not needed, we will continue to pursue this interim path until the state funding is passed by the Michigan House and signed by the Governor.