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. The IUP Federal Fiscal Year (FFY) number reflects when federal funds were appropriated, so it lags behind the current FFY. Each IUP identifies program decisions to meet requirements set by Congress in each year's capitalization grants and to address state programmatic priorities.
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.
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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.
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.
