Formula Grant 02F54001

DESCRIPTION:THIS AGREEMENT PROVIDES FUNDING TO THE TEXAS WATER DEVELOPMENT BOARD (TWDB). SECTION 1452 OF THE SAFE DRINKING WATER ACT (SDWA) AND INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) PL 117-58 AUTHORIZES THE STATE TO UTILIZE FUNDS TO FURTHER THE HEALTH PROTECTION OBJECTIVES OF SDWA. THIS AGREEMENT WILL PROVIDE FUNDS TO CAPITALIZE THE TWDB'S DRINKING WATER STATE REVOLVING FUND (DWSRF). AS PART OF THIS AGREEMENT, THE STATE ENSURES COMPLIANCE WITH FEDERAL AND STATE REGULATIONS, WHICH ARE DESIGNED TO PROTECT PUBLIC HEALTH. ACTIVITIES:THE BULK OF THE STATE REVOLVING FUND (SRF) WILL BE USED FOR LOANS AND OTHER AUTHORIZED ASSISTANCE TO PUBLIC WATER SYSTEMS FOR ELIGIBLE PROJECTS, INCLUDING IMPROVING DRINKING WATER TREATMENT, WATER DISTRIBUTION, IMPROVING SOURCE OF WATER SUPPLY, REPLACING OR CONSTRUCTING FINISHED WATER STORAGE TANKS, AND OTHER INFRASTRUCTURE PROJECTS NEEDED TO PROTECT PUBLIC HEALTH. THE RECIPIENT MAY ALSO USE SOME OF THE FUNDING FOR SPECIFIC 'SET-ASIDES'; TO PROVIDE TECHNICAL ASSISTANCE TO SMALL SYSTEMS, PROGRAM ADMINISTRATION, STATE PROGRAM MANAGEMENT AND OTHER ALLOWABLE USES.SUBRECIPIENT:TEXAS WATER DEVELOPMENT BOARD WILL BE ENTERING INTO FUNDING AGREEMENTS WITH COMMUNITIES/UTILITIES AS PART OF THE DRINKING WATER STATE REVOLVING FUND PROGRAM AND THEREFORE CONSIDERED SUBAWARDS. HOWEVER, THESE WILL BE AWARDED AS LOANS AND NOT SUBGRANTS.OUTCOMES:THE BENEFITS OF THIS GRANT WILL BE TO CAPITALIZE THE RECIPIENT'S DWSRF. THE FUND CAN THEN BE USED TO INCREASE TECHNICAL, FINANCIAL AND MANAGERIAL CAPACITY OF PUBLIC WATER SYSTEMS, AND PROVIDE ASSURANCE OF A CLEANER AND SAFER POTABLE WATER SUPPLY BY FUNDING IMPROVEMENTS TO MULTIPLE WATER INFRASTRUCTURE PROJECTS. THESE PUBLIC HEALTH BENEFITS WILL BE STATEWIDE.