State Revolving Fund Expanded Use Instructions - swrcb ca 2025

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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.
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.
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.
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
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.
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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.

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