DESCRIPTION:THIS ACTION PROVIDES FUNDING IN THE AMOUNT OF $41,043,000.00 TO ASSIST NORTH CAROLINA'S DEPARTMENT OF ENVIRONMENTAL QUALITY TO CREATE STATE REVOLVING FUNDS (SRFS) THROUGH A PROGRAM OF CAPITALIZATION GRANTS TO STATES WHICH WILL PROVIDE A LONG TERM SOURCE OF STATE FINANCING FOR CONSTRUCTION OF WASTEWATER TREATMENT FACILITIES AND IMPLEMENTATION OF OTHER WATER QUALITY MANAGEMENT ACTIVITIES. ACTIVITIES:THE RECIPIENT WILL PROVIDE LOW INTEREST LOANS TO NUMEROUS SUBRECIPIENTS.SUBRECIPIENT:SUBAWARDS IN THIS ASSISTANCE AGREEMENT INCLUDE LOW INTEREST LOANS AND TECHNICAL ASSISTANCE. OUTCOMES:THE ANTICIPATED DELIVERABLES INCLUDE FINANCING, PLANNING, DESIGN, AND CONSTRUCTION OF ELIGIBLE WATER QUALITY IMPROVEMENT AND PROTECTION PROJECTS. THE EXPECTED OUTCOMES ARE TO IMPROVE AND PROTECT WATER QUALITY AND PUBLIC HEALTH. THE INTENDED BENEFICIARIES INCLUDE CITIZENS THROUGHOUT THE STATE.