State Water Resources Control Board: Drinking Water State Revolving Fund (DWSRF) Program Deadline: Continuous Amount: No maximum disbursement limit.
Financing Terms: Interest rates average 2‐3% and 20-year loan. Public water systems that serve small, disadvantaged communities may be eligible for 0% and 30-year loan.
Eligibility: Community water systems and non-profit, non-community water systems. http://www.waterboards.ca.gov/drinking_water/services/funding/SRF.shtml Established by an amendment to the federal Safe Drinking Water Act in 1996, the DWSRF provides low interest loans, additional subsidy (principal forgiveness), and technical assistance to public water systems for infrastructure improvements to correct system deficiencies and improve drinking water quality.
The purpose of the DWSRF is to provide financial assistance for the planning/design and construction of drinking water infrastructure projects that are needed to achieve or maintain compliance with federal and state drinking water statutes and regulations. Funding for the DWSRF comes from federal grants, state sources, and loan repayment.
Eligible projects include Planning/design and construction of drinking water infrastructure projects including: treatment systems, distribution systems, interconnections, consolidations, pipeline extensions, water sources, and water meters. Applications are offered for the following two categories:
1. Construction Financing - These funds are for applicants with complete final plans, specifications, and environmental documentation.
2. Planning/Design Financing - These funds are for applicants who do not have final plans, specifications, and environmental documentation.