State of Oregon Revolving Loan Fund Roberto ReyesColon
State of Oregon Revolving Loan Fund • Roberto Reyes-Colon, SRF Coordinator • 971 -673 -0422 • Roberto. Reyes-Colon@state. or. us 1
SRF Highlights – The First Ten Years 1997 - 2007 w 77 loans were made to eligible water systems. w The largest loan was $6, 270, 000. 00 w The smallest loan was $49, 341. 00 w The Loan Fund has committed $133, 894, 044. 00 of the $153, 106, 732. 00 in the Loan Fund. 2
Safe Water Revolving Loan Fund w ELIGIBLE APPLICANT: Community Water System: * Private – investor owned or nonprofit. * Municipal – City, District, Port Nonprofit non-community Water System * Meets Oregon Law as a nonprofit entity. * Federally owned systems not eligible. 3
State of Oregon Revolving Loan Fund w Who is an eligible Applicant? Community Water Systems: A public water system which has 15 or more service connections used by year-round residents, or which regularly serves 25 or more year-round. Water systems may be private – investor owned or non-profit – or are a city, district or port under Oregon law. Nonprofit non-community water system: A public water system that is not a community water system and that regularly serves at least 25 people and is legally recognized under Oregon Law as a nonprofit entity. Federally owned water systems are not eligible. 4
State of Oregon Revolving Loan Fund w ELIGIBLE PROJECT w The Fund is intended to provide financing to water systems to assist in the compliance with the Safe Drinking Water Act of 1996 as amended. w Applicant must show project is necessary to maintain compliance or return to compliance with drinking water quality standards as administered by the Oregon Drinking water Program. w Applicants may apply for any phase or combination of phases in a single Letter of Interest (LOI). l l l Planning Engineering Design Construction 5
State of Oregon Revolving Loan Fund w An eligible project can focus on: n Water source n Treatment n Storage n Supply n Transmission n Distribution n Note: Water Meters: All services to be metered. Loan can include the cost of metering. 6
State of Oregon Revolving Loan Fund w The SRF Process: January to September. w Letters of Interest (LOIs) – the document that is sent to every privately-owned and publicly – owned community water system and nonprofit community system requesting their intent (desire) to apply for revolving loan funding. 7
State of Oregon Revolving Loan Fund w Elements of the Revolving Loan Fund: w The loan fund: the sum that is allocated to the Oregon Economic & Community Development Department (OECDD) for loans to water systems. w The set aside activities: n n Administrative Expense Technical Assistance Local Assistance State Program Management 8
State of Oregon Revolving Loan Fund w Administrative Expense: The regulation allows for 4% of the yearly allocation. This set aside is composed of the administrative costs of administering the loan program at DHS/Drinking Water Program & Oregon Economic & Community Development Department. 9
State of Oregon Revolving Loan Fund w Technical Assistance: For this set-aside the regulation allow 2% of the yearly allocation. w The Technical Assistance activity is composed of the Drinking Water Circuit Rider Program. This is a contracted activity. Presently HBH Engineering is the entity providing these services. 10
State of Oregon Revolving Loan Fund w Local Assistance: For this set-aside we can use up to 15% of the yearly allocation to assist in the development and implementation of local drinking water protection initiatives. w This is a joint effort between DHS/Drinking Water Program and the Oregon Department of Environmental Quality through an Inter-Agency Agreement. 11
State of Oregon Revolving Loan Fund w State Program Management: Up to 10% of the annual allotment may be used for State Program Management Activities. w This set-aside supports the primacy water system program. 12
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