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Integrated Recovery Guide - Environmental Infrastructure: Drinking Water State Revolving Fund Print Share
Drinking Water State Revolving Fund
$2 billion included for the Clean Water State Revolving Fund.
New Mexicowill receive $19.7 millionin formula funding.
Administrator: New Mexico Finance Authority in cooperation with NMED Drinking Water Bureau
Construction Programs Bureau
The mandatory 20 % matching requirements for revolving funds is waived
Directs the Administrator to reallocate Revolving Fund monies where projects are not under contract or construction within 12 months of the date of enactment
Directs priority funding to projects on State priority lists that are ready to proceed to construction within 12 months of enactment
Provisions: Requires at least 50% of the capitalization grants each State receives be used to provide assistance for additional subsidization (forgiveness of principal, negative interest loans, or grants, or any combination of these).
Requires at least 20% of each Revolving Fund be available for projects for green infrastructure, water and/or energy efficiency, innovative water quality improvements, decentralized wastewater treatment, storm water runoff mitigation and water conservation, unless states lack applicants with these types of projects
Purpose: To provide relief to communities by requiring a greater Federal share for local clean and drinking water projects and greater flexibility for States to reach communities that would otherwise not have the resources to repay a loan with interest.
Description: Funding provided to states is used to makes loans to communities, individuals, and others for high-priority water-quality activities
Activities: Loans can be used for the installation and replacement of failing treatment facilities, eligible storage facilities and transmission and distribution systems
Website: http://www.epa.gov/owm/cwfinance/cwsrf/
www.nmfa.net
http://ufa.nmenv.state.nm.us/APPLICATION_open.php
www.epa.gov/recovery
Phone: (202) 564-3750 (EPA Office of Ground Water and Drinking Water )
(505) 984-1454 (DWRLF)
(877)275-6632 (NMFA)