Formula Grant 02E03241

Award Date 7/1/24
Completion Date 6/30/28
Dollars Obligated $123M
Federal Agency
EPA Region 5
Federal Grant Program
66.458
Assistance Type
Formula Grant
Place of Performance
Springfield, IL, USA
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DESCRIPTION:THIS AGREEMENT FUNDS A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S CLEAN WATER STATE REVOLVING FUND PROGRAM.ACTIVITIES:THE RECIPIENT OF THESE FUNDS PROVIDE LOW INTEREST FINANCING TO NUMEROUS SUBRECIPIENTS.SUBRECIPIENT:THE CLEAN WATER SRF PROGRAM IS EXEMPT FROM 2 CFR 200.332 SUBRECIPIENT MANAGEMENT REQUIREMENTS FOR SUB-AWARDS AS PROVIDED IN 2 CFR 1500. THE PROGRAM PROVIDES ASSISTANCE IN THE FORM OF LOANS. OF THIS GRANT AMOUNT, IEPA WILL FUND $102,852,000 IN LOANS IN THEIR INTENDED USE PLAN.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.

Posted 9/19/24, 12:00 AM