What is the State Revolving Loan Fund (SRF) program?
The SRF program was established by Congress to replace the Construction Grants Program in the 1987 Amendments to the CWA. States must match the federal capitalization grant with 20 percent in state funds. While it remains a federal grant program, funds are granted to states to provide loans at reduced interest to local government construction of clean water facilities to meet federal CWA requirements. A source of local funds must be available to repay SRF loans which are then added to state funds for making subsequent loans. • What is the Administration’s policy for future capitalization of SRFs? The Administration’s stated policy is to capitalize the clean water SRFs through federal grants and repayments so that the funds collectively revolve at $2.0 billion in FY1996 dollars. The Administration also seeks to capitalize state safe drinking water SRFs so that they revolve at $500 million annually. EPA management has stated that this goal has been essentially reached but that the Admini
Related Questions
- When reporting MBE/WBE utilization under the EPA State Revolving Fund Program, is it acceptable to claim MBE and WBE participation generated from sources beyond the EPA capitalization amount(s) of the EPA grant?
- What is the difference between the State Revolving Fund (SRF) and the Georgia Fund program?
- Who do I contact in regard to Construction State Revolving Fund Loan Program?
