Laserfiche WebLink
Information Sheet: Clean Water Revolving Loan And Grant Act of 19~7 <br /> Introduction <br /> <br />The 1987 General Assembly approved Senate Bill 110 which establishes a <br />revolving loan and grant fund to assist local governments in building <br />water and sewer systems. Although the amount of state funds available <br />during the 1987-89 biennium is very limited, this new program sets the <br />basis for permanent state assistance in this area. <br /> <br />Available Funds <br /> <br />The Clean Water Revolving Loan and Grant Fund will include allocations <br />of Federal funds from the Environmental Protection Agency as well as <br />state appropriations. Recent changes in the Federal law has set in <br />motion the gradual phase-out of the EPA '201' .grant program for <br />wastewater projects. The Federal law requires the states to use <br />certain percentages of the annual Federal allocation for revolving <br />loans between 1987-88 and the projected phase-out in 1993-94. The <br />following is a summary of estimated Federal and State appropriations <br />for the program. <br /> <br /> Estimated <br />Federal Funds State Appropriations <br />Grants Loans* (current biennium only) <br />1987-88 $ 40 million - $ 5.7 million <br />1988-89 21.9 million $21.9 million(min) 15.7 million <br />1989-90 21.9 million 21.9 million (min) ** <br />1990-91 0 43.8 million ** <br />1991-92 0 32.9 million ** <br />1992-93 0 21.9 million ** <br />1993-94 <br /> 0 11.0 million ** <br /> <br />Notes: *The Federal allocation of approximately $40 million for F.Y. <br />1987-88 will be used for grants with priority given to projects on the <br />state priority list. In 1988-89 and 1989-90, at least 1/2 of the <br />Federal allocation must be used for loans. <br /> <br />**Indicates future appropriations subject to action by the General <br />Assembly. <br /> <br />Allocation of State Appropriations <br /> <br />Senate Bill 110 establishes annual allocations to six separate <br />accounts as follows: <br /> <br />Accounts Percentages 1987-88 1988-89 <br />Wastewater <br />1. General Loans 45% 2,565,000 7,065,000 <br />2. Emergency Loans 13% 741,000 2,041,000 <br />3. High-Unit Cost Grants 10% 570,000 1,570,000 <br />Water Supply <br />1. General Loans 23% 1,311,000 3,611,000 <br />2. Emergency Loans 5% 285,000 785,000 <br />3. High-Unit Cost Grants 3% 171,000 471,000 <br /> Administration 1% 57,000 157,000 <br /> $ 5,700,000 $15,700,000 <br /> <br /> <br />