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KENTUCKY INFRASTRUCTURE AUTHORITY Office of the Governor Governor’s Office for Local Development 1024 Capital Center Drive, Suite 340 Frankfort, Kentucky.

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Presentation on theme: "KENTUCKY INFRASTRUCTURE AUTHORITY Office of the Governor Governor’s Office for Local Development 1024 Capital Center Drive, Suite 340 Frankfort, Kentucky."— Presentation transcript:

1 KENTUCKY INFRASTRUCTURE AUTHORITY Office of the Governor Governor’s Office for Local Development 1024 Capital Center Drive, Suite 340 Frankfort, Kentucky

2 Planning to Succeed The Planning Process Grants Loans

3 Planning Process for Water & Wastewater Project concept Discuss alternatives & opportunities with ADD coordinator utilizing the WRIS Work with engineer to develop plan & design Develop project profile Consider funding sources Profile approved by the WMC (WX/SX number assigned) Project ranked using current criteria List of ranked projects provided to legislators

4 Regional Water Management Councils In place across Kentucky and conform to KY’s 15 area development districts Comprised of a group of elected and appointed leaders, utility representatives, health department representatives and citizens at large Will use planning to provide direction, not dictate route

5 Kentucky Infrastructure Authority Office of the Governor Grants

6 Grants – Where You Start The first step is preparation and planning. Identify project for which funding is needed Create and submit a project profile Obtain approval of Area Water Management Council and go through prioritization process

7 Grants – You’re in the Budget Grantee (as identified in Budget) is notified of grant award Grantee designates a Project Administrator (an important decision) Grantee designates a Project Number

8 Grants – Doing the Paperwork Grant Assistance Agreement is prepared and forwarded to Grantee for execution Grantee completes Assistance Agreement and Exhibits and submits to KIA. KIA executes Assistance Agreement and submits to Capital Projects and Bond Oversight Committee for approval.

9 Grants – Getting Your Money Once construction begins, pay requests are submitted to KIA with supporting invoices. Pay requests are reviewed and approved. Funds are electronically transferred to the designated bank account.

10 Agency Contacts For Grant Programs Kentucky Infrastructure Authority (KIA) Debby Milton Financial Analyst Suzanne Anderson Financial Analyst Kelli Rice Financial Analyst Phone

11 Optimizing Funding But sometimes a grant isn’t the whole answer…

12 Loans Kentucky Infrastructure Authority Office of the Governor

13 Why Use Loans? Project is needed NOW! Cannot get sufficient grant funding Will not significantly impact rates Funding package in place and bids come in over estimates

14 Projects KIA Loans Can Fund Wastewater Projects Drinking Water Projects Solid Waste Projects Storm Water Control and Treatment Broadband Projects Gas or Electric Utility Environmental Remediation (Brownfields)

15 Eligible Borrowers Governmental Agency –City –County –Special District No Federal Agencies For Fund A and Fund F Project MUST BE listed on the SRF Priority List. (Different from Water Management Council Priority List)

16 General Funding Requirements Must have WX or SX # Uniform System of Accounts –Cost Based Rates e-Clearinghouse Must be approved by KIA Board

17 KIA Loan Programs Clean Water State Revolving Fund (Fund A) Infrastructure Revolving Loan/Grant (Fund B) Governmental Agencies Program (Fund C) Drinking Water State Revolving Fund (Fund F)

18 Kentucky’s SRF Programs Fund A –Clean Water State Revolving Fund –Established in the Clean Water Act Fund F –Drinking Water State Revolving Fund –Established in the Safe Drinking Water Act Loans for planning and design (A1 or F1) are available to expedite a project, which may be rolled into a construction loan.

19 Eligible Projects – Fund A Wastewater Collection, Conveyance, & Treatment Facilities Storm Water Collection, Conveyance, & Treatment Facilities Implementation of Nonpoint Source Pollution Control Management Programs; Purchase of Wastewater System

20 Ineligible Projects – Fund A Laboratory Fees and Other Monitoring Expenses Operation and Maintenance Expenses

21 Eligible Projects – Fund F Replace Inadequate/Aging Infrastructure Upgrade Treatment Facilities Install or Upgrade Storage Rehab Wells or Develop Source Water Consolidation/Purchase of Water Systems Extension of Service to Existing Homes to Address Quantity and Quality Issues Security Measures

22 Ineligible Projects – Fund F Compliance Monitoring Operation and Maintenance Reservoirs (raw water) Dams or Dam Rehabilitation Water Rights Growth Fire Protection

23 Loans – Where You Start – Funds A & F Project Profile –Area Water Management Council –WX or SX # Call for Projects –Look for Notices in October Priority Lists –Expect List to be Available Spring 2008

24 Current SRF Rates Interest Rate set annually by the KIA Board. –Standard Rate is 3.0% –Non-Standard Rate is 1.0% –Criteria for Non-standard Rate based on: MHI of Jurisdiction MHI of service area Regionalization Orders or Judgments Public Health or Safety Issues Environmental Concerns Financial Considerations

25 Repayment Terms Repayment Period –CWSRF – 20 Years –DWSRF – 20 Years (may be 30 years if disadvantaged community) Financing Expenses –CWSRF – 0.020% Servicing Fee –DWSRF – 0.025% Servicing Fee Debt Service Reserve : None Replacement Reserve : Negotiable

26 Agency Contacts For SRF Program Division of Water (DOW) Donna Marlin Drinking Water Branch Manager Shafiq Amawi Facilities Construction Branch Manager Lola Lyle Program Administration Section Supervisor Phone KY Infrastructure Authority (KIA) Sandy Williams Financial Analyst John Covington Financial Analyst Chris Whitaker Financial Analyst Phone

27 Fund B and Fund C Programs Are Being Restructured –Will Have Subsidized Interest Rate –Loan Terms are normally 20 years (can be 30 years in certain circumstances) Limited to the life of the asset being funded Limited Funds Available State Funds

28 Fund B and Fund C No federal requirements e-Clearinghouse Must follow appropriate procurement policies State prevailing wage rates may apply Will have same interest rates as Fund A and Fund F

29 Proposed Fund B and C Interest Rates Interest Rate set annually by the KIA Board. –Standard Rate is 3.0% –Non-Standard Rate is 1.0% –Criteria for Non-standard Rate based on: MHI of Jurisdiction MHI of service area Regionalization Orders or Judgments Public Health or Safety Issues Environmental Concerns Financial Considerations

30 Successes Kentucky ranks in the top 5 nationally in percentage of state population with access to community water systems. Kentucky currently has just over 500 regulated public water systems (reaching more people with fewer systems than comparable states)

31 For more information contact: Kentucky Infrastructure Authority 1024 Capital Center Drive, Suite 340 Frankfort, KY (502)


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