The purpose of this agreement is for a capitalization grant which provides funds for the puerto rico department on natural and environmental resources' clean water state revolving fund program to…

The U.S. Environmental Protection Agency (EPA) awarded a $11,740,800 Clean Water State Revolving Fund (CFDA 66.458) Formula Grant to the Puerto Rico Department of Natural and Environmental Resources (DNER) for its Clean Water State Revolving Fund program. The purpose of this grant is to provide low-interest financing to recipients for costs associated with the planning, design, and construction of eligible water quality improvement and protection projects throughout Puerto Rico. Key activities to be performed include providing loans to construct municipal wastewater facilities, control nonpoint sources of pollution, create green infrastructure projects, protect estuaries, and fund other water quality initiatives. The PR Infrastructure and Financing Authority (PRIFA) will receive and administer the capitalization grant funds on behalf of DNER. The expected outcomes are to establish and maintain an effective comprehensive water pollution control program and a self-sustaining revolving fund to improve and protect the water quality and public health of Puerto Rico.

The purpose of this agreement is for a capitalization grant which provides funds for the puerto rico department on natural and environmental resources' clean water state revolving fund program to provide low interest financing to recipients for costs associated with the planning, design, and construction of eligible water quality improvement and protection projects throughout the commonwealth of puerto ricoactivities:activities to be performed are to provide loans to construct municipal wastewater facilities, control nonpoint sources of pollution, create green infrastructure projects, protect estuaries, and fund other water quality projects.subrecipient:the PR infrastructure and financing authority receives capitalization grant funds and deposits them into the cwsrf accounts, maintains the accounting system for the operation of the program; maintains fiscal and financial records, and provides prdner (as required) with reports summarizing all transactions with the cwsrf. Prifa also has an annual independent audit performed and makes the cash draws from the EPA U.S. Treasury account for the corresponding disbursement in accordance with the terms and conditions of the capitalization grant agreement.outcomes:the expected outcomes are to establish and manage an effective comprehensive water pollution control program and to maintain a self-sustaining revolving fund as to improve and protect water quality and public health of puerto rico. The intended beneficiaries of the grant are the citizens of puerto rico.