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State & Local Projects

Clean Water State Revolving Fund (enhanced funding)

Section: Division A, Title VII | Agency: Environmental Protection

Low-interest loan program for local government wastewater and stormwater projects. Loans made based on federally-approved, competitive priority system reflecting environmental and public health considerations and readiness-to-proceed. Local government projects must qualify for funding under the terms of the Clean Water State Revolving Fund.

See "DEP Clean Water State Revolving Fund Fundable Project List" (http://flarecovery.com/_resources/documents/dep-clean-water-srf-arra-fundable-projects-may-2009.pdf) under State and Federal Funding Announcements on the Documents page. The amounts identified for ARRA funding in the certification reflect the maximum possible funding for each project. The actual amounts awarded may be less as a result of decreases in construction costs at the time of contract award.

Brief description of program or funding including funding distribution method (formula or competitive grant): 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.  These funds will be contracted for the development of basin management action plans and documentation of nitrogen movement in springs. 

When funds are expected to be available: EPA awarded the state capitalization grant in April 2009.

How long are funds available: All funds must obligated through construction contracts at the local government level no later than one year after the effective date of the ARRA.  EPA is authorized to re-allot uncommitted funds to other states.

Conditions or prerequisites for accessing funds (include matching or MOE requirements): No state match is required to access funds.  Local government projects must qualify for funding under the terms of the CWSRF program as set forth in state law and rule.  All recipients must comply with Davis-Bacon and Buy American labor provisions; 50% of ARRA funds must go to disadvantaged recipients through some form of additional subsidy (principal forgiveness will likely be the form of additional subsidy in Florida); 20% of ARRA funds must go to “green” projects.  Certain rule provisions may have to be waived to enable the timely commitment of ARRA funds; no statutory changes are required.  Stimulus-related budget authority is required for both SFY 2008-09 and 2009-10.  No additional state budget authority is required for the $1.3 million “604(b)” set-aside noted in the program description above.