The purpose of this agreement is for a capitalization grant which provides funds for the recipient's clean water state revolving fund (CWSRF) program.activities:the activities are to provide low…

This $40,032,000 EPA Region 2 Formula Grant award under the Clean Water State Revolving Fund (CFDA 66.458) program provides capitalization funding to the New Jersey Department of Environmental Protection (NJDEP) to establish and manage an effective, self-sustaining CWSRF program. The grant will enable NJDEP to offer low-interest loans to numerous subrecipients, including municipalities and utilities, to support the planning, design, and construction of eligible water quality improvement and protection projects throughout the state. The grant period extends from July 1, 2024, to June 30, 2031, with the expected outcomes of improving and protecting water quality and public health for citizens across New Jersey through sustainable water infrastructure investments.

The purpose of this agreement is for a capitalization grant which provides funds for the recipient's clean water state revolving fund (CWSRF) program.activities:the activities are to provide low interest financing to numerous subrecipients for costs associated with the planning, design, and construction of eligible water quality improvement and protection projects.subrecipient:subawards include loans under the clean water state revolving fund program.outcomes:the benefits of this grant will be to capitalize the recipient's CWSRF. The expected outcomes are to establish and manage an effective comprehensive CWSRF program and to maintain a self-sustaining revolving fund to improve and protect water quality and public health for citizens throughout the state.