Clean Water Revolving Fund

Purpose
This program's purpose is to enable borrowers to finance wastewater facilities that meet effluent standards mandated under the Clean Water Act. (Note: 2007 legislation changed the name of the Water Pollution Control Revolving Fund to the Clean Water Revolving Fund).

Customers and Services
Any city, county, township, sanitary district, or other governmental subdivision having primary responsibility for wastewater treatment is eligible. The Public Facilities Authority (PFA) provides below-market rate loans to borrowers to upgrade and construct wastewater facilities.

Allowable costs include: site preparation, but not land acquisition; construction; engineering; equipment and machinery; bond issuance; and certain fees and contingency costs. Projects must be included on the Minnesota Pollution Control Agency's (MPCA) Project Priority List and the PFA’s Intended Use Plan (IUP); and must be certified by MPCA before the PFA may approve a loan.

Measures - Reporting period is state fiscal year (SFY), July 1 - June 30

Funding Source and Allocation
In 2008, the PFA received a federal allocation of $12.5M and a state appropriation of $24M from state bond proceeds, which will be combined with previously appropriated state funds, loan repayments, and PFA revenue bond proceeds for 2009 loans.

Statutory Authority
-- Minnesota Statutes, Chapter 446A.07

Contact Information
Jeff Freeman, Deputy Director, Public Facilities Authority
Phone: 651.259.7465 or toll-free: 800.657.3858; TTY: 651.296.3900

This information current as of January 2009. For more information on DEED programs, see the State of Minnesota budget pages.