Formula Grant 02F81601

DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT TO NEW MEXICO FINANCE AUTHORITY, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S DRINKING WATER STATE REVOLVING FUND (DWSRF) PROGRAM. FUNDS WILL BE USED FOR DWSRF-ELIGIBLE LEAD SERVICE LINE REPLACEMENT PROJECTS AND ASSOCIATED ACTIVITIES DIRECTLY CONNECTED TO THE IDENTIFICATION, PLANNING, DESIGN, AND REPLACEMENT OF LEAD SERVICE LINES. THE AWARD FURTHERS THE PUBLIC HEALTH PROTECTION OBJECTIVES OF THE SAFE DRINKING WATER ACT (SDWA). AS PART OF THIS AGREEMENT THE STATE ENSURES COMPLIANCE WITH FEDERAL AND STATE REGULATIONS, WHICH ARE DESIGNED TO PROTECT PUBLIC HEALTH. ACTIVITIES:THE STATE HAS SUBMITTED AN INTENDED USE PLAN (IUP) AS PART OF THE APPLICATION PACKAGE FOR THIS CAPITALIZATION GRANT. THIS IUP CONTAINS A LIST OF THE CAPITAL PROJECTS THAT ADDRESS LEAD SERVICE LINE REPLACEMENT AND ASSOCIATED ACTIVITIES DIRECTLY CONNECTED TO THE IDENTIFICATION, PLANNING, DESIGN, AND REPLACEMENT OF LEAD SERVICE LINES, WHICH MAY RECEIVE FUNDING FROM THIS GRANT. THE RECIPIENT OF THESE FUNDS WILL PROVIDE LOW INTEREST RATE FINANCING TO ELIGIBLE PUBLIC WATER SYSTEMS FOR THE COSTS ASSOCIATED WITH THE PLANNING, DESIGN, AND CONSTRUCTION OF ELIGIBLE DRINKING WATER IMPROVEMENT PROJECTS. THE RECIPIENT MAY ALSO USE SOME OF THE FUNDING FOR SPECIFIC SET-ASIDES. FUNDS WILL BE USED FOR DWSRF-ELIGIBLE LEAD SERVICE LINE REPLACEMENT PROJECTS AND ASSOCIATED ACTIVITIES DIRECTLY CONNECTED TO THE IDENTIFICATION, PLANNING, DESIGN, AND REPLACEMENT OF LEAD SERVICE LINES. SUBRECIPIENT:LEAD SERVICE LINE INVENTORY ACTIVITIES AND LOANS ISSUED TO MUNICIPALITIES ARE CONSIDERED SUBAWARDS. HOWEVER, THE GRANTEE WILL ISSUES THESE LOANS AS GRANTS, EVEN IN THE CASE OF SUBSIDY.OUTCOMES:THE BENEFITS OF THIS GRANT WILL BE TO CAPITALIZE THE RECIPIENT'S DRINKING WATER STATE REVOLVING FUND (DWSRF) WITH PRIMARY PURPOSE TO REDUCE LEAD IN DRINKING WATER BY FUNDING PROJECTS EMPHASIZING THE IDENTIFICATION AND REMOVAL OF LEAD SERVICE LINES. THE ANTICIPATED DELIVERABLES INCLUDE FINANCING, PLANNING, DESIGN, AND CONSTRUCTION OF ELIGIBLE LEAD SERVICE LINE PROJECTS AND ASSOCIATED ACTIVITIES. DELIVERABLES WILL ALSO BE USED TO INCREASE THE LEAD SERVICE LINE-RELATED TECHNICAL, MANAGERIAL, AND FINANCIAL CAPACITY OF PUBLIC WATER SYSTEMS. THE EXPECTED OUTCOME IS PUBLIC HEALTH PROTECTION. THE INTENDED BENEFICIARIES INCLUDE CITIZENS THROUGHOUT THE STATE.