Drinking Water State Revolving Fund

Overview

• The Drinking Water State Revolving Fund was created with the 1996 amendments to the Safe Drinking Water Act.
• Because the DWSRF is federally-seeded, the loans are subject to additional federal regulations regarding environmental review, outreach for disadvantaged business enterprises, payroll (Davis Bacon and related Acts), etc.
• Congress provides funds for states to establish revolving loan programs for funding of drinking water projects.
• States provide 20% matching funds.

Types of Funding Available

• Low-interest loans (1/2 of market interest rates)
• Limited amount of principal forgiveness loans

Eligible Applicants

• Local Government Units (counties, cities, towns, sanitary districts, etc.)
• Non-profit Water Corporations
• Investor-Owned Drinking Water Corporations

Eligible Projects

• Source, treatment, storage, or transmission & distribution systems

Key Program Requirements

• Loan maximum is $20 million.
• Construction must start within 24 months of Letter of Intent to Fund.
• Closing fee of 2% (which cannot be financed).
• Local Government Commission (LGC) must approve all loans.

Applications

• The DWSRF Program has two funding cycles per year, typically in March and September.
• Refer to Funding Program Application Information for detailed information on application deadlines and requirements.
• Contact Vincent Tomaino, PE at (919) 707-9058 or via email at vincent.tomaino@ncdenr.gov with application questions.

Application Training

Fall 2020 Application Training Dates, Registration and Instructions for Attending

Additional Information

• Applications
• Funding Process

Regulatory Information

• Safe Drinking Water Act (SDWA)
• 40 CFR 35 Subpart L
• 15A NCAC 01N
• Guidelines for Sampling Individually-Owned Wells
• Documenting Pressure Points