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. Additional Information Applications Funding Process Regulatory Information Safe Drinking Water Act (SDWA) 40 CFR 35 Subpart L 15A NCAC 01N Documenting Pressure Points
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. Additional Information Applications Funding Process Regulatory Information Safe Drinking Water Act (SDWA) 40 CFR 35 Subpart L 15A NCAC 01N Documenting Pressure Points
