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

This federal Formula Grant award, provided by the U.S. Environmental Protection Agency (EPA) under the Drinking Water State Revolving Fund (DWSRF) program (CFDA 66.468), will provide $27,582,000.00 in funding to the Rhode Island Infrastructure Bank (RIIB) starting on October 1, 2024. The grant will enable RIIB to offer low-interest financing to eligible public water systems in Rhode Island for the planning, design, and construction of drinking water improvement projects. RIIB may also use a portion of the funds for technical assistance to small water systems, operator certification activities, and source water protection initiatives. The anticipated deliverables include the financing, planning, design, and construction of drinking water infrastructure projects that will enhance public health protection for citizens throughout the state. The grant will be administered by RIIB, which serves as a financial conduit for environmental and infrastructure improvement projects in Rhode Island.

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:no subawards are included in this assistance agreement.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.