This agreement funds a capitalization grant for the recipient's clean water state revolving fund program.activities:the recipient of these funds provides low interest financing to numerous…

This federal Formula Grant award from the U.S. Environmental Protection Agency (EPA), under the Clean Water State Revolving Fund (CFDA 66.458) program, provides $42,122,400.00 in funding to the Michigan Department of Environment, Great Lakes, and Energy (MDEGLE) to establish and maintain a revolving loan fund for water quality improvement and protection projects. The program supports a range of water infrastructure initiatives, including the construction of wastewater treatment facilities, stormwater management systems, and projects addressing emerging contaminants. Of this grant amount, MDEGLE will fund $35,102,000 in loans for eligible water quality improvement and protection projects in their intended use plan. The anticipated deliverables include financing, planning, design, and construction of these projects, with the expected outcomes of improving and protecting water quality and public health for citizens throughout the state of Michigan. The award period runs from October 1, 2024, to December 31, 2027.

This agreement funds a capitalization grant for the recipient's clean water state revolving fund program.activities:the recipient of these funds provides low interest financing to numerous subrecipients.subrecipient:the clean water SRF program is exempt from the 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, MI egle will fund $35,102,000 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.