Clean Water State Revolving Fund (CWSRF)
The Water Resources Reform and Development Act of 2014 required that all CWSRF projects include a Fiscal Sustainability Plan. This is planning document that makes a list of critical assets, their condition, and the costs for repairing or rehabbing them on a regular schedule. The plan recommends an annual reserve budget for assets to help communities budget for their specific needs.
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The Water Investment Division has created Guidance Document 29 to help all parties involved in a project to understand their roles and obligations to meet the American Iron and Steel (AIS) Requirements. Additional information about AIS is provided below.
Each year the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF) publish Intended Use Plans (IUPs) that explain how the SRF funding capitalization grants provided by the Federal government will be used to support the programs. Each IUP makes program decisions to meet requirements set by Congress in each year's capitalization grants and to address state programmatic priorities.
Currently Vermont statute allows for Pollution Control Grants of 10% - 35% for qualifying Water Pollution Abatement and Control Projects.
Qualifying project elements must be Water Pollution Abatement and Control Facilities.
Environmental Review Process for SRF Projects
All federally funded projects are required to comply with the National Environmental Policy Act (NEPA). Since both the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (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.
Annual Priority Lists
Vermont's CWSRF Program provides funding for Vermont's Clean Water projects in the form of low interest loans to municipalities and private entities for eligible projects. Several types of loans are available.
The Water Investment Division manages several different water infrastructure loan and grant programs. Collectively they are called the Water Infrastructure Financing Programs. Programs, when similar, are set up to be administered in similar ways to create more predictable processes for our loan and grant recipients. Please call us if you have questions about a particular program.