PFA - Drinking Water Revolving Fund
Purpose
This program enables borrowers to finance public drinking water storage, treatment, and distribution systems that meet U.S. Safe Drinking Water Act standards.
Customers and Services
Any county, city, township, regional entity, other governmental entity, or other entities having primary responsibility for providing public drinking water are eligible. The Public Facilities Authority (PFA) provides below-market rate loans to borrowers to upgrade and construct public drinking water systems.
Allowable costs include site preparation, land acquisition, construction, engineering, equipment and machinery, bond issuance, and certain fees and contingency costs. Projects that are primarily to serve growth are not eligible. Projects must be included on the Minnesota Department of Health’s (MDH) Project Priority List and on the PFA's Intended Use Plan (IUP), and projects must be certified by MDH before the PFA may consider approving a loan.
Measures - Reporting period is state fiscal year (SFY), July 1 - June 30
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SFY 2009
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SFY 2010
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SFY 2011
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Number of projects
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15
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48
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33
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Dollars awarded
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$27.1M
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$105.2M
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$84.0M
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More DEED measures: Uniform Program Accountability Measures
Funding Source and Expenditure (in thousands)
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SFY 2009
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SFY 2010
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SFY 2011
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Drinking Water Revolving Fund
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$52,207
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$75,645
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$86,856
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General Obligation Bond Proceeds
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$1,013
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$10,800
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$0
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Statutory Authority
-- Minn. Stat., Chap. 446A.081
Contact Information
Jeff Freeman, Deputy Director, Public Facilities Authority
Phone: 651.259.7465 or toll-free: 800.657.3858; TTY: 651.296.3900
NOTE: The Public Facilities Authority (PFA) is an independent funding agency housed within DEED.
This information current as of December 2011.