Funding Level: $88,074,000
Overview: The DWSRF program is a low-interest loan program primarily for local government drinking water projects. Loans are made based on a federally-approved, competitive priority system reflecting public health and regulatory compliance 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 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), and interest earnings on the SRF. Federal funds, including ARRA funds, are allotted to the states based on a formula in federal regulations.
For More Information: http://flarecovery.com/about/state-and-local-projects/infrastructure/drinking-water-state-revolving-fund-enhanced-funding
Federal Contact: Environmental Protection Agency
State Contact: Florida Office of Economic Recovery