State Revolving Fund
A State Revolving Fund (SRF) is a fund administered by a U.S. state for the purpose of providing low-interest loans for investments in water and sanitation infrastructure (e.g., sewage treatment, stormwater management facilities, drinking water treatment), as well as for the implementation of nonpoint source pollution control and estuary protection projects. A SRF receives its initial capital from federal grants and state contributions. It then emits bonds that are guaranteed by the initial capital. It then "revolves" through the repayment of principal and the payment of interest on outstanding loans. There are currently two SRFs, the Clean Water State Revolving Fund created in 1987 under the Clean Water Act,[1] and the Drinking Water State Revolving Fund created in 1997 under the Safe Drinking Water Act.[2]
See also
References
- U.S. Environmental Protection Agency (EPA). Washington, DC (2000). "The Drinking Water State Revolving Fund: Protecting the Public through Drinking Water Infrastructure Improvements." Fact sheet. Document no. EPA 816-F-00-028.
- EPA. "How the CWSRF Program Works." 2009-05-05.
