Each year the CWSRF and DWSRF publish an Intended Use Plan (IUP), which is a planning report that explains how the SRF funding "cap grant" provided by the Federal government will be used to support the programs. Each IUP involves a public hearing and comment period, a priority list, and an explanation about how money will be used to meet funding requirements. Each IUP can be amended by request in January.
Each IUP makes program decisions to meet requirements set by Congress in each year's cap grant. Those program decisions are discussed briefly below:
The Vermont Planning Advance Program is a financial program available to Vermont municipalities:
The Vermont Wastewater and Potable Water Revolving Loan Fund, also known as the On-site Loan Program, is available to certain Vermont residents for the repair or replacement of failed on-site wastewater and water supply systems. For more information, please view the Fact Sheet, below.
The Vermont-only Drinking Water Revolving Loan Fund was established to provide loans to a municipality for the design, land acquisition, if necessary, and construction of a potable water supply when a household in the municipality has been disconnected involuntarily from a public water supply system for reasons other than nonpayment of fee. The loan is to the municipality, not individual home owners. Standard loan term is 20 year/3%. The rate and term may be adjusted in accordance with program guidance documents.
Vermont Statutes allow for several types of Pollution Control Grants:
All projects in the CWSRF program are tracked for grant eligibility. Projects that are eligible are requested by the Department to be added to the Capitial Bill. In some circumstances the Department's recommendations may not be followed and projects may not appear in the Capital Bill.
Vermont statute allows for potential project funding through this funding source. All dollars are Vermont based, therefore, there are no federal requirements associated with these projects. Projects generally follow the CWSRF process, but several requirements can be omitted, such as:
However, there are still several similar State of Vermont requirements, such as:
The DWSRF Planning loan program provides 0% interest loans to public water systems seeking to conduct preliminary and final design engineering. This preliminary engineering can run the gamut from source exploration to feasibility studies for water system acquisition to preliminary and final design of a construction project. One of the most attractive aspects of the planning loan program is the loans accrue no interest and require no payments on the loan until the project goes to construction; if construction does not occur, payment of the loan occurs over a five year period.
All federally funded projects are required to comply with NEPA, the National Environmental Policy Act. Since both the CWSRF and DWSRF receive federal funds, all elements of these projects must comply with NEPA. The State of Vermont has established two State Environmental Review Procedures (SERPs) to complete the environmental reviews associated with the required NEPA review.