On May 10, CASA submitted comments on the State Water Board’s draft Intended Use Plan for the Clean Water State Revolving Fund for federal fiscal year 2018. The Board will consider adoption of the IUP at its June 19 meeting. Several changes from prior practice are proposed in the draft IUP.
The proposed changes include the following:
- Establishment of an annual funding target of $1 billion
- Establishment of a “fundable” list of projects; only projects on the list will be eligible for funding during the fiscal year
- Allow for partial project funding
- Retroactive reimbursement of construction costs
In CASA’s view, the IUP represents a cautious near-term approach to address the unprecedented demand for CWSRF funding given staffing and resource limitations. We offered a number of recommended improvements to the program including:
- Develop a “plan of funding” for multi-year that acknowledges the high likelihood of available funds in future years and seeks to allocate those funds efficiently over time.
- Create two priority lists – one for planning and design and one for construction. This would increase lending capacity by redirecting funds to projects ready to proceed with construction.
- Eliminate redundant reviews for repeat borrowers.
View the draft IUP here.