Formula Grant 96894525

DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S DRINKING WATER STATE REVOLVING FUND (DWSRF) PROGRAM. THE AWARD FURTHERS THE PUBLIC HEALTH PROTECTION OBJECTIVES OF THE SAFE DRINKING WATER ACT (SDWA). ACTIVITIES: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, INCLUDING BUT NOT LIMITED TO PROVIDING TECHNICAL ASSISTANCE TO SMALL SYSTEMS, FOR OPERATOR CERTIFICATION ACTIVITIES, AND SOURCE WATER PROTECTION ACTIVITIES. SUBRECIPIENT:THIS SRF CAP GRANT CAPITALIZES THE STATE SRF PROGRAM, WHICH ALLOWS THE STATE SRF TO MAKE INFRASTRUCTURE LOANS AND PRINCIPAL FORGIVENESS TO COMMUNITIES.OUTCOMES:THE ANTICIPATED DELIVERABLES INCLUDE FINANCING, PLANNING, DESIGN, AND CONSTRUCTION OF ELIGIBLE PUBLIC HEALTH-RELATED PROJECTS. DELIVERABLES WILL ALSO BE USED TO INCREASE THE TECHNICAL, MANAGERIAL, AND FINANCIAL CAPACITY OF PUBLIC WATER SYSTEMS. THE EXPECTED OUTCOME IS PUBLIC HEALTH PROTECTION. THE INTENDED BENEFICIARIES INCLUDE CITIZENS THROUGHOUT THE STATE.