This agreement funds a capitalization grant for the recipient's clean water state revolving fund program

Activities:the recipients of these funds provide low interest financing to numerous subrecipients. Subrecipient:subawards include grants but not loans under the new york state clean water state revolving fund program. As per new york state's clean water state revolving fund FFY 2025 intended use plan, $15,000,000 will be provided through the green innovative grant program and $3,000,000 will be made available as engineering planning grants. Note that EPA's subaward policy does not apply to financial assistance agreements for the capitalization of revolving loan funds (RLF). Requirements for RLF recipients and borrowers are addressed in more detail in 2 CFR part 1500, national program guidance for EPA RLF programs or the terms and conditions of RLF assistance agreements. Requirements for subrecipient monitoring and management at 2 CFR 200.331 through 200.333 do not apply to loan, loan guarantees, interest subsidies and principal forgiveness, purchases of insurance or local government debt or similar transactions with borrowers by recipients of clean water state revolving fund (cwsrf) capitalization grants and drinking water state revolving fund (dwsrf) capitalization grants.' outcomes: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.