Presentation is loading. Please wait.

Presentation is loading. Please wait.

GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY www.gefa.org May 21, 2010 WATER & SEWER FINANCING  ENERGY EFFICIENCY  LAND CONSERVATION  RENEWABLE ENERGY.

Similar presentations


Presentation on theme: "GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY www.gefa.org May 21, 2010 WATER & SEWER FINANCING  ENERGY EFFICIENCY  LAND CONSERVATION  RENEWABLE ENERGY."— Presentation transcript:

1 GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY May 21, 2010 WATER & SEWER FINANCING  ENERGY EFFICIENCY  LAND CONSERVATION  RENEWABLE ENERGY  FUEL STORAGE State Revolving Fund Public Meeting (SRF Intended Use Plan)

2 Public Comments Draft Intended Use Plans posted on GEFA’s website on Wednesday May 20 th In addition, comments to the Intended Use Plan can be made via e- mail to Jason Bodwell through the Close-of- Business on Wednesday May 26, We will take note of any public comment made at today’s meeting. All comments will be reviewed and adjustments to the Intended Use Plan will be made if GEFA staff feels as though the comment warrants. All answers to non-project-specific comments will be posted on the GEFA website by Close-of-Business on Thursday May 27, 2010.

3 Additional Subsidization - CW Tier 1 CW Projects 15% of loan amount drawn - principal forgiveness 85% of loan amount drawn – 3% interest loan with a 2% closing fee (total value of signed loan contract) Requirements: Compliant with GEFA minimum requirements by 9/30/2010 Qualified Local Government status Service Delivery Strategy requirements State Audit requirements Metropolitan North Georgia Water Planning District (if applicable) Notice to Proceed by 12/31/2010 Tier 2 CW Projects Option 1 – Guarantee of 3% interest loan with a 2% closing fee when ready Option 2 – Wait to see if Tier 1 funds become available on 12/31/2010 Tier 3 CW Projects 3% interest loan with a 2% closing fee available first-come-first-serve (approx. $50 million)

4 Additional Subsidization - DW Tier 1 DW Projects 30% of loan amount drawn - principal forgiveness 70% of loan amount drawn – 3% interest loan with a 2% closing fee (total value of signed loan contract) Requirements: Compliant with GEFA minimum requirements by 9/30/2010 Qualified Local Government status Service Delivery Strategy requirements State Audit requirements Metropolitan North Georgia Water Planning District (if applicable) Notice to Proceed by 12/31/2010 Tier 2 DW Projects Option 1 – Guarantee of 3% interest loan with a 2% closing fee when ready Option 2 – Wait to see if Tier 1 funds become available on 12/31/2010 Tier 3 DW Projects 3% interest loan with a 2% closing fee available first-come-first-serve (approx. $20 million)

5 Green Project Reserve – (CW & DW) Tier 1 Green Projects 50% of loan amount drawn - principal forgiveness 50% of loan amount drawn – 3% interest loan with a 2% closing fee Requirements: Compliant with GEFA minimum requirements by 9/30/2010 Qualified Local Government status Service Delivery Strategy requirements State Audit requirements Metropolitan North Georgia Water Planning District (if applicable) Notice to Proceed by 12/31/2010 Tier 2 Green Projects Option 1 – Wait to see if Tier 1 funds become available on 12/31/2010 Option 2 – Rollover to Tier 3 of base program

6 Set-asides Clean Water set-asides 4% of grant for administration ($1,377,960) Drinking Water set-asides 4% of grant for administration ($1,282,840) 2% of grant to implement SB 370 water loss audits and provide state-of the art leak detection services to eligible small systems ($641,420) 10% of grant for Source Water Assessment, Cryptosporidiosis, Information Management, Capacity Development, Statewide Water Plan and Water Conservation and Water Efficiency activities ($3,207,100) 15% of grant for Capacity Development, Statewide Water Plan, and Wellhead Protection activities ($4,810,650)

7 General Requirements Requirements – (Current/ongoing) Davis-Bacon Minority Business Enterprise/Woman Business Enterprise State procurement for construction contracts ARRA requirements that no longer apply Buy America 1512 job reporting T&I Reporting

8 GEFA 2010 Board Meeting schedule June 17, 2010 July 20, 2010 August 31, 2010 September 21, 2010 October 19, 2010 November 16, 2010 December 16, 2010 Completed application Part I and Part II must be at GEFA 6 weeks prior to the GEFA Board meeting in order to be presented to the GEFA Board for approval Part I GEFA Application Part II GEFA Application

9 GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY Jason Bodwell SRF Program Manager (404) Peachtree St., NE Harris Tower, Suite 900 Atlanta, Georgia Bianca Jaikaran Green Project Program Manager (404)

10 CW Funding List – Tier 1

11 DW Funding List – Tier 1

12 Green (CW) Funding List – Tier 1

13 Green (DW) Funding List – Tier 1


Download ppt "GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY www.gefa.org May 21, 2010 WATER & SEWER FINANCING  ENERGY EFFICIENCY  LAND CONSERVATION  RENEWABLE ENERGY."

Similar presentations


Ads by Google