| DRINKING WATER REVOLVING FUND |
Eligible Borrowers
Eligible Expenditures
How to Apply for DWRF Financial Assistance
Funding Cycle
Exceptions to PLs
Readiness to Proceed
Terminology
References
Green Project Reserve Business Cases
Eligible Borrowers
Publicly-held community drinking water systems (excluding federal facilities)
are eligible for financial assistance under WIFA's Drinking Water Revolving
Fund (DWRF). These systems include cities, towns, special districts,
domestic water improvement districts, co-ops and nonprofit associations.
Privately-held community drinking water systems are also eligible.
A community water system is defined as a water system that serves 25
or more people (and least 15 service connections) year round. Nonprofit,
non-community water systems, such as schools and church camps, are also
eligible, although they must meet all other WIFA financial assistance
requirements.
Eligible Expenditures
Funds can be used to plan, engineer, construct, rehabilitate, modify,
improve, upgrade, and/or equip drinking water facilities and related
water quality projects. Funds may also be used for source water protection
and land acquisition.
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How to Apply for DWRF Funding
Eligible borrowers must submit an application to WIFA for inclusion
on the annual Priority List (PL). Projects are prioritized based on
public health and water quality factors, condition of facilities and
sources, local fiscal capacity, prior funding, and project benefits
including water system improvements and consolidation and regionalization.
Please see DWRF PL Criteria. The PL process ensures that those who most
need financial assistance receive funding.
Read the:
DWRF
Rules and Criteria
View the:
2008
DWRF Intended Use Plan and Project Priority List
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Funding Cycle
Each DWRF funding cycle begins in August/September with announcements
and solicitation of PL applications for financial assistance. PL applications
are evaluated and a draft DWRF Intended Use Plan and Priority Lists
are developed according to established rule. 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 DWRF IUP and PLs in December. These documents guide
the board in its funding decisions for the funding cycle from January
through December.
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Exceptions to PLs
After the Final DWRF IUP and PPL 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 must be "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 DWRF PL and in the fundable range for design or construction
assistance, a project must demonstrate legal, financial, technical,
and managerial and institutional capability. It must also have the required
debt authorization.
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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.
For additional information about "readiness
to proceed," please see general requirements.
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
DWSRF One Pager
Current Rules and Criteria
Green Project Reserve Business Cases
Lake Havasu City GPR Business Case
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