| CLEAN WATER REVOLVING FUND |
Eligible Borrowers
Eligible Expenditures
How to Apply for CWRF Financial Assistance
Funding Cycle
Exceptions to PLs
Readiness to Proceed
Terminology
References / Downloads
Eligible Borrowers
Only public jurisdictions are eligible for financial assistance under
WIFA's Clean Water Revolving Fund (CWRF). “Public” includes
cities, towns, special districts, county improvement districts, sanitary
districts and Indian Tribes.
Eligible Expenditures
Funds can be used to plan, construct, rehabilitate, modify, improve, upgrade
and/or equip and expand wastewater treatment and water reclamation facilities
and related water quality projects.
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How to Apply for CWRF Financial Assistance
To ensure a level playing field to access CWRF financial assistance,
all eligible borrowers must submit an application to WIFA for inclusion
on the annual Project Priority List (PL). Projects are prioritized based
on public health factors, condition of wastewater facilities, local
fiscal capacity, prior year funding, and project benefits including
water quality improvement, conservation index and consolidation/regionalization.
The PL process ensures that those who most need financial assistance
receive funding.
Read the CWRF:
Current
Rules and Criteria
View the:
2008
CWRF Intended Use Plan and Project Priority List
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Funding Cycle
Each year the CWRF funding cycle begins in August/ September with announcements
and solicitation of PL applications for financial assistance. PL applications
are evaluated and a Draft CWRF Intended Use Plan and Priority Lists are
developed according to established rule. Please see Reference, CWRF PL
Criteria. From a Master Priority List, fundable ranges are established
for both design and construction. Following a public review and comment
period, the WIFA Board of Directors approves a Final CWRF IUP and PLs
in December. This document guides the Board in its funding decisions for
the funding cycle from January through December.
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Exceptions to PL
After the Final CWRF IUP and PLs are approved, a project may be added
to the PL at any WIFA Board of Directors' Public meeting. Similarly, if
the status of a project already on the current PL changes (especially
as it moves up into the "fundable range"), such change can be
recognized at a WIFA Board of Directors' public meeting. The applicant
should provide sufficient written justification to warrant the change
of status.
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Readiness to Proceed
The PL serves as a guide for funding decisions by the WIFA Board of
Directors; however, projects are considered for financial assistance
when they are "ready to proceed." A project may be bypassed
pursuant to rule if it is not ready to proceed, although it can be funded
later.
Once on the CWRF PL and in the fundable range for design or financial
assistance, a project must demonstrate legal, financial, technical,
and managerial and institutional capability. It must also have the required
debt authorization.
For additional information about "readiness to proceed," please
see the general requirements.
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Terminology
Ready to proceed - The borrower has met or will meet all
the necessary requirements to receive funding.
Legal capability - The borrower is legally eligible to receive
funding.
Financial capability - The borrower's ability to repay a
loan. To evaluate this WIFA staff request a potential borrower to complete
a Project Financial Assistance application for a due diligence review
by WIFA staff.
Technical capability - The proposed project is technically
appropriate for its intended purpose and can be operated and maintained
for the term of the financial assistance. To evaluate this a potential
borrower is required to complete an environmental assessment form and
submit engineering plans and specifications for review by WIFA technical
staff.
Managerial and institutional capability - The borrower has
the capability to operate the system in compliance with state and federal
law.
Debt authorization - A borrower has obtained the legal approval
of its constituents to undertake a loan agreement with WIFA.
WIFA Debt Authorization Documents (HB2159)
WIFA Debt Authorization Guidance Document
Sample Debt Authorization Resolution
House Bill 2159 - Filed May 2, 2006
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References / Downloads
WIFA Loan Application Process
CWSRF One Pager
Current Rules and Criteria
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