CASA to Comment on SRF Intended Use Plan
The State Water Board recently released a proposed Intended Use Plan to set the funding priority and processes for clean water projects in fiscal year 2018/19. The plan includes several significant changes to the Clean Water State Revolving Fund program. We will comment on the changes by the May 10, 2018 deadline.
Based on a series of stakeholder workshops last summer, the draft IUP proposes several significant changes to the clean water SRF program:
- Establish a “funding target” based on a sustainable financing level.
- Score or prioritize applications on a “dry run” basis before implementing permanent prioritization criteria.
- Develop a “fundable list” of applications and limit eligibility during the fiscal year to applications on the fundable list with the exception of disadvantaged communities.
- Offer partial funding to larger projects.
- Reimburse construction costs incurred prior to approval of financing under limited conditions.
A group of CASA members met with State Water Board SRF program staff last month to discuss the proposed changes and provide input. Our SRF working group will draft and submit written comments by the deadline. Review the notice of opportunity to comment.
EPA Announces New Notice of Funding Availability
Last week, the EPA announced the availability of approximately $5.5 billion in credit assistance for water infrastructure projects under the Water Infrastructure Finance and Innovation Act program. This financing will help support approximately $11 billion in total infrastructure investment. Prospective borrowers seeking WIFIA credit assistance must submit a letter of interest by July 6, 2018. Read more.