Sale of $1.2 Billion in Bonds for the Clean Water State Revolving Fund (CWSRF)

On January 5, 2016, the State Water Board adopted a resolution authorizing the sale of $1.2 billion in revenue bonds for the Clean Water State Revolving Fund (CWSRF) for financing water projects. The CWSRF is a financial assistance program. The purpose of the CWSRF is to implement the Federal Clean Water Act (CWA) and various State water quality laws by providing financial assistance for construction or implementation of projects that address water quality problems and to prevent pollution of the waters of the State.

The CWSRF Program provides low-interest loans and other financing mechanisms for construction of publicly-owned wastewater treatment facilities, local sewers, sewer interceptors, water recycling facilities, storm water treatment facilities, as well as expanded use projects such as implementation of nonpoint source (NPS) projects or programs, and development and implementation of estuary Comprehensive Conservation and Management Plans (CCMPs).

Eligible applicants for CWSRF funding includes: Any city, town, district, or other public body created under state law; a Native American tribal government or an authorized Native American tribal organization having jurisdiction over disposal of sewage, industrial wastes or other waste; 501(c)(3)’s; National Estuary Programs; and any designated and approved management agency under Section 208 of the CWA.

Applications will be taken on a continuous basis. A project must be included on the Project List (PL) to be approved for CWSRF financing, though being placed on the PL does not constitute a commitment to provide financing. Once Division of Financial Assistance receive at least one of your application packages, your project will be added to the PL. CWSRF applicants should only start an application if they intend to submit a complete application within the next six to 12 months. The PL is generally updated on a quarterly basis.

For more information, please visit the web link: http://www.waterboards.ca.gov/water_issues/programs/grants_loans/srf/index.shtml

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