New State Revolving Fund Requirements for Fiscal Year 2016

 State Revolving Fund (SRF) projects coming in for fiscal year 2016 funding and beyond will need to comply with new federal statute requirements:

1. A community/SRF loan recipient must now publicly announce the solicitation for all architectural and engineering services and negotiate contracts for those services using a Qualifications-Based Selection (QBS) process.
2. A loan recipient must develop and implement a Fiscal Sustainability Plan (FSP). The FSP must contain a minimum of the following:

• Inventory of critical assets that are part of the treatment works;
• Evaluation of the condition and performance of inventoried assets or asset groupings;
• Certification that the recipient has evaluated and will be implementing water and energy conservation efforts; and
• A plan for maintaining, repairing, funding, and as necessary, replacing the treatment works.

A loan recipient must conduct a useful life analysis for their project. This needs to be included in the project plan. SRF funding can only be provided for projects that have a useful life equal to or exceeding the loan term.

A 30-year loan can be requested if the loan recipient is determined to be disadvantaged by the DEQ.

 

You can find more information about the QBS process and the FSP at the bottom of this webpage.  You can also listen to a recorded webinar about these new requirements at this webpage by clicking on “DEQ Revolving Loan Fund Opportunities and Recent Program Changes” under Past DEQ Webinars. If you have any questions or concerns, you may contact the Revolving Loan Section at 517-284-5433.