State
Revolving Loan Program for Water Pollution Control
Loan Information
Eligible Project Sponsors
Cities, counties,
authorities, and special districts responsible for sewerage services,
stormwater management, and estuary protection are eligible for
loans. The local government agency must generally own, operate, and maintain the
facilities to be financed by a loan. Projects
eligible for SRF loans include new construction of and improvements to
wastewater sewer systems,
sewerage pump stations, sewerage treatment facilities, reclaimed water reuse
facilities, stormwater management facilities, and estuary protection
facilities.
Construction Loans
Construction
loans, available to all project sponsors regardless of size, provide moneys for
construction after planning and design are complete. Disbursements are made to
project sponsors after costs are incurred. Disbursements during construction are generally on a
monthly basis.
Qualification
Requirements
While the nature of a project will
determine specific requirements, the general requirements for a construction loan are:
-
Plan cost-effective, environmentally and financially sound
facilities consistent with local comprehensive plans.
-
Provide for public participation in the planning process.
-
Establish how the loan will be repaid.
-
Acquire the necessary project sites.
-
Design facilities consistent with the planning
recommendations.
-
Obtain the necessary
permit(s) to enable construction.
Preconstruction
Loans
Preconstruction
loans are available only to local governments. Loans provide up-front disbursements for project planning,
administrative services and project design. The loans also provide a mechanism for continued funding for
project costs, including construction.
Qualification
Requirements
Because planning and design do not need to be
complete to qualify, the following general requirements are more abbreviated than for
construction loans:
- Identify and develop a schedule for project planning,
engineering, and administrative activities.
- Establish how the loan funds disbursed for planning, design,
and administrative services will be repaid.
- Develop a preliminary estimate for the project cost.
