What is the Supplemental Appropriation? Supplemental Appropriation for Hurricanes Helene and Milton and Hawaii Wildfires (SAHM) Provided through the American Relief Act (ARA) signed into law December 21, 2024. Provides 806 million to
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Presentation Transcript
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What is the Supplemental Appropriation? Supplemental Appropriation for Hurricanes Helene and Milton and Hawai’i Wildfires (SAHM)
Provided through the American Relief Act (ARA) signed into law December 21, 2024.
Provides $806 million to Florida’s Clean Water State Revolving Fund (CWSRF), as well as $35.9 million of decentralized funds.
Minimum of 30% as principal forgiveness (additional subsidy) and 100% for the decentralized funds.
Build America, Buy America does not apply.
American Iron and Steel, Davis-Bacon Act, and EPA Signage do apply.<br>
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CWSRF SAHM Exceptions To successfully implement the SAHM Capitalization Grant, CWSRF, in accordance with Rule 62-503.850, Florida Administrative Code (F.A.C.), made exceptions to the following rules:
62-503.300(1)(b) – Readiness-to-proceed criteria for the documentation to be timely submitted to compete for funding at a project priority list meeting.
62-503.300(1)(d) – Readiness-to-proceed deadline for the submittal and response to Department comments of documentation to appear on the project priority list.
62-503.300(1)(e) – Sponsor may have only one active State Revolving Fund loan with principal forgiveness under Chapter 62-503, F.A.C.
62-503.300(2) – Allowable project costs.
62-503.300(5) –Calculation of financing rate and the minimum rate.
62-503.500 – Funds reserved for specific purposes, and allocations of principal forgiveness percentage based on loan agreement.
62-503.200(34) – Segment cap determination.<br>
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CWSRF Eligible Sponsors An eligible entity is any otherwise CWSRF-eligible entity that was damaged, demonstrates impact, or had a loss or disruption of a mission-essential function, including loss of function where there was potential impact to public health, caused by the listed natural disasters.
For decentralized projects, an eligible entity is any otherwise CWSRF-eligible entity.
Eligible entities under Ch. 62-503, F.A.C., are:
Counties
Municipalities
Special districts<br>
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Intended Use of EPA Capitalization Grants The Clean Water Act requires that each state annually prepare an Intended Use Plan (IUP) to describe how it plans to use the CWSRF Program to meet its objectives.
The IUP must describe the following:
Use of federally-awarded state’s capitalization grants, including additional SAHM funding, the required state match funds, and principal and interest earned from loan repayments.
Use of other interest earnings of the CWSRF and other funds of the program.
Project priority list.
Available IUPs: https://floridadep.gov/wra/srf/content/state-revolving-fund-resources-and-documents
SAHM IUP: https://floridadep.gov/wra/wra/documents/clean-water-srf-intended-use-plan-sahm-0 Intended Use Plan of EPA Capitalization Grant<br>
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How the CWSRF Works State Match 20% Base and IIJA GS<br>
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Equivalency Projects and Grant Requirements Additional Subsidization – Provide a percentage of the funding in the form of subsidy to disadvantaged communities (also known as principal forgiveness) –
Minimum of 30% SAHM capitalization grant
50% principal forgiveness - all sponsors, 0% interest, 2-4% service fee
100% principal forgiveness - financially disadvantaged sponsors
American Iron and Steel Requirements – Require borrowers to construct with products greater than 50% American iron or steel.
Wage Rate Requirements – Require borrowers to follow the Davis-Bacon Act.
Signage - Require borrowers to make the public aware of the EPA funding provided.
Reporting Requirements – DEP reports use of CWSRF funds quarterly in the EPA Office of Water SRF reporting system and submit an annual report.
Build America, Buy America – Not required.<br>
