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State Revolving Fund Expanded Use Instructions - swrcb ca

State Revolving Fund Expanded Use Instructions - swrcb ca 2025

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The document provides detailed instructions for applicants seeking funding through the State Revolving Fund (SRF) Expanded Use Program. It outlines the application process, required information, and eligibility criteria for various project types, including stormwater and nonpoint source projects. Key elements include the necessity of submitting a complete application via the FAAST online tool, compliance with environmental regulations, and specific documentation requirements. The document emphasizes the importance of following guidelines to ensure successful application submission.

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What are the advantages of revolving funds?

One of the major advantages of revolving finance is the flexibility it offers in borrowing. Unlike traditional loans with fixed amounts, borrowers have access to a revolving line of credit that they can use as needed.

How does a state revolving fund work?

The 51 CWSRF programs function like environmental infrastructure banks by providing low interest loans to eligible recipients for water infrastructure projects. As money is paid back into the states revolving loan fund, the state makes new loans to other recipients for high priority, water quality activities.

How does a revolving fund work?

Revolving loan funds (RLFs) use a source of capital, typically offered by a local or state government, to make direct loans to borrowers for clean energy projects. Proceeds from loan repayments flow back into the fund and become available to lend again.

What is a capitalization grant for clean water state revolving funds?

Capitalization grants are awarded to States to create and maintain Clean Water State Revolving Funds (CWSRFs) to: (1) enable States to encourage construction of wastewater treatment facilities to meet the enforceable requirements of the Clean Water Act (Act); (2) increase the emphasis on nonpoint source pollution

What is the SRF fund?

State revolving loan funds (SRFs) are loan programs that are capitalized by federal grants, state appropriations and dedicated revenues. States use the funds to provide a range of financial assistance to local governments, including loans, grants and credit enhancement.

What is the objective of a revolving fund?

A Revolving Fund consists of funds that are lent and managed in a revolving way to the public by a Budget Controller or authorized officer for the purpose of strengthening the people economy and other purposes.

State Revolving Fund Expanded Use Instructions - swrcb ca 2025

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