Funding Level: $132,286,374
Overview: The CWSRF program is a low-interest loan program for local government wastewater and stormwater projects. Loans are made based on a federally-approved, competitive priority system reflecting environmental and public health considerations and readiness-to-proceed. Moneys are disbursed based on completed, invoiced work. Loans are generally made for a 20-year term at interest rates at least 40% below rates. Loan repayments are returned (“revolve”) to the program to make new loans, combining with any available federal funds, state matching moneys (waived for ARRA), bond proceeds, and interest earnings on the SRF. Federal funds, including ARRA funds, are allotted to the states based on a formula in the Clean Water Act. The ARRA also includes a small ($1.3 million) set-aside within the SRF program under section 604(b) of the Clean Water Act for water quality management planning funds. The use of these funds is under review based on recent EPA guidance.
For More Information: http://flarecovery.com/about/state-and-local-projects/infrastructure/clean-water-state-revolving-fund-enhanced-funding
Federal Contact: Environmental Protection Agency
State Contact: Florida Office of Economic Recovery