SLIDE 1
REVOLVING LOAN UPDATE
Presented by Sonya Butler Michigan Department of Environmental Quality February 2, 2016
Agenda
- SAW program
- DWRF, SRF and SWQIF loan programs
- Federal changes for SRF only
- Website
R EVOLVING L OAN U PDATE Presented by Sonya Butler Michigan - - PowerPoint PPT Presentation
R EVOLVING L OAN U PDATE Presented by Sonya Butler Michigan - - PowerPoint PPT Presentation
R EVOLVING L OAN U PDATE Presented by Sonya Butler Michigan Department of Environmental Quality February 2, 2016 Agenda SAW program DWRF, SRF and SWQIF loan programs Federal changes for SRF only Website SAW Grant Eligible
SLIDE 2
SLIDE 3
SAW Grant Eligible Activities
- Asset management plan development
- Stormwater plan development
- Testing and demonstration of innovative wastewater
and stormwater technologies
- Stormwater treatment project planning and design
- Sewage collection and treatment project planning and
design
- Planning and design of a State Revolving Fund (SRF) or
Strategic Water Quality Initiatives Fund (SWQIF) project
SLIDE 4
SAW Loan
- Project must be identified in an approved
asset management plan or stormwater management plan
- Implementation of a successful innovative
technology
- Interest rate: 2.5% in FY2016
- 20 year term
SLIDE 5
SAW Grant Activity
- FY14: $77M awarded to 92 applicants
- FY15: $91M awarded to 115 applicants
- FY16: $100M awarded to 134 applicants
SLIDE 6
SAW Loan Activity
- FY14: $0
- FY15: $10M awarded to 2 applicants
- FY16: One loan for $10M expected
SLIDE 7
What’s Next?
SAW Grants – Depends on amount of funding – Expect to know by summer – $97M requested in state budget for FY2017
SLIDE 8
Loan Programs
SLIDE 9
SRF & DWRF Federal Funds
- 2015 amounts
- CW: $60,374,000
- DW: $27,530,000
- 2014 amounts
- CW: $60,287,000
- DW: $27,530,000
- 2013 amounts
- CW: $57,406,000
- DW: $25,579,000
SLIDE 10
FY2017 SRF Funding Requirements
- Green projects
- Principal forgiveness
- Davis Bacon
- American Iron & Steel
– Waiver available
- Qualifications Based Selection (QBS)
- Fiscal Sustainability Plan (FSP)
SLIDE 11
Revolving Loan Statistics
- SRF
– 553 projects funded to date – $4.5B in loans – Capitalization grant total: $1.7B
- DWRF
– 277 projects funded to date – $857M in loans – Capitalization grant total: $640M
SLIDE 12
Fundable Range
- FY2016
– CW: $240M – DW: $36M
- FY2015
– CW: $270M – DW: $50M
- FY2014
– CW: $190M – DW: $50M
SLIDE 13
Water Resources Reform and Development Act of 2014
SLIDE 14
A/E Procurement
- QBS process
- Issue a request for qualifications
- Statement of qualifications
- Evaluate submittals
- ‘Conduct discussions with’ at least 3 firms
- Negotiate price/contract
SLIDE 15
Requirements of FSP
- Inventory of critical assets
- Evaluate condition & performance of assets
- Plan for maintaining and repairing/replacing
assets & a plan for funding the activities
- Evaluate water & energy conservation efforts
- Certify to all of the above actions
SLIDE 16
Conservation Activities
- Reduce energy consumption
- Efficient water use, reuse, recapture or
conservation
- Energy and water audits
SLIDE 17
Loan Terms and Rates
- Loan terms can not exceed the projected
useful life of the asset(s)
- New loan term
– 30 year – Disadvantaged community
- Interest rates will differ
SLIDE 18
Stay in the Know
www.Michigan.gov/cleanwaterrevolvingfund www.Michigan.gov/drinkingwaterrevolvingfund
SLIDE 19
Questions/Comments
SLIDE 20