Economic Recovery: Water Quality Infrastructure February 2009
What’ s All This Talk About Economic Recovery?
What is the Federal Government doing?
What is the State Water Board doing?
What should Applicants be doing?
Economic Recovery Bill
The latest versions will:
Preserve and create job and promote
economic recovery.
Provide grants for Clean Water State
Revolving Funds (CWSRF).
Will focus on shovel-ready projects as the
priority.
House Recovery Bill
The House Bill contains the following:
The U.S. Environmental Protection Agency will award grant to the CWSRF programs within 30 days of enactment.
The CWSRF program shall enter into financing contracts with the funds:
Within one (1) year of enactment for 50% (or 9 months after grant, if later) of the funds.
Within two (2) years (or 21 months after the grant, if later) for the remainder of the funds .
No State matching requirement.
House Recovery Bill
Total allotment of $6 billion nationwide.
– California’ s share would be about $425 million.
50% of funds for Principal Forgiveness / Negative Interest / Grants
80% of funds to meet affordability criteria determined by Governor.
20% of funds to address water and energy-efficiency goals, mitigate stormwater runoff, or encourage environmentally sensitive project planning, design, and construction.
1.5% of funds may be reserved by EPA for Tribal Grants
Senate Recovery Bill
Total allotment of $4 billion nationwide.
– About $280 million for California
Financing contracts will be for projects that are ready to proceed to construction within 180 days of enactment
100% of funds may include additional subsidization, including principal forgiveness and negative interest rate loans
Not less than 15% of the funds shall be designated for green infrastructure, water efficiency improvements or other environmentally innovative projects
1.5% of funds may be reserved by EPA for Tribal Grants
CWSRF Policy Amendments/ Administrative Actions
CWSRF Policy Amendments/ Administrative Actions (cont.)
How Do I Get the $$$$
Submit a Financial Application if your project is ready-to-proceed.
Even if your project is not on the Priority List.
Applicant assigned a Project Manager to assist in the application process.
Get on Project Priority List.
Work closely with your Project Manager to ensure all documents are submitted for funding commitment.
Stay tuned for further news.
2009 CWSRF Public/Regional Water Quality Control Board (Regional Water Board) Priority List Workshops *
February 11, 2009 -San Luis Obispo – Central Coast Regional Water Board
February 18, 2009 -Redding -Central Valley Regional Water Board
February 19, 2009 -Sacramento -Central Valley Regional Water Board
February 24, 2009 -Victorville -Lahontan Regional Water Board
February 25, 2009 -Palm Desert -Colorado River Regional Water Board
February 26, 2009 -Riverside -Santa Ana Regional Water Board
March 3, 2009 -Los Angeles -Los Angeles Regional Water Board
March 4, 2009 -San Diego -San Diego Regional Water Board
March 11, 2009 -Fresno -Central Valley Regional Water Board
March 18, 2009 -Santa Rosa -North Coast Regional Water Board
March 19, 2009 -Oakland -San Francisco Bay Regional Water Board
April 1, 2009 -South Lake Tahoe -Lahontan Regional Water Board
* Dates are subject to change
For dates and locations, visit the CWSRF website:
www.waterboards.ca.gov/water_issues/programs/grants_loans/srf/index.shtml
2009 California Financing Coordinating Committee (CFCC) Funding Fairs
February 3, 2009 -Chino -Inland Empire Utilities Agency
February 5, 2009 -Bakersfield -UC Merced, Bakersfield Center
March 10, 2009 -Eureka -City of Eureka Wharfinger Buliding
April 2, 2009 -Merced -University of California Cooperative Extension
May 7, 2009 -Sacramento -California Environmental Protection
Agency Headquarters Building
For location information, visit the CFCC website: www.cfcc.ca.gov
Contact/Resources Information
New Economic Recovery Website
Questions