00E03282

Great Lakes, And Energy, Michigan Department Of Environment

DESCRIPTION:THE PURPOSE OF THIS AGREEMENT IS FOR A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), WHICH PROVIDES FUNDS FOR THE RECIPIENT'S CLEAN WATER STATE REVOLVING FUND (CWSRF) PROGRAM.ACTIVITIES:THE ACTIVITIES ARE TO PROVIDE LOW INTEREST FINANCING TO NUMEROUS SUBRECIPIENTS FOR COSTS ASSOCIATED WITH THE PLANNING, DESIGN, AND CONSTRUCTION OF ELIGIBLE WATER QUALITY IMPROVEMENT AND PROTECTION PROJECTS.SUBRECIPIENT:THE CLEAN WATER SRF PROGRAM IS EXEMPT FROM 2 CFR 200.332 SUBRECIPIENT MANAGEMENT REQUIREMENTS FOR SUB-AWARDS AS PROVIDED IN 2 CFR 1500. THE PROGRAM PROVIDES ASSISTANCE IN THE FORM OF LOANS. OF THIS GRANT AMOUNT, MICHIGAN EGLE WILL FUND $81,119,680 IN LOANS IN THEIR INTENDED USE PLAN AND A TOTAL OF $3,061,120 IN SET-ASIDES.OUTCOMES:THE BENEFITS OF THIS GRANT WILL BE TO CAPITALIZE THE RECIPIENT'S CWSRF. THE EXPECTED OUTCOMES ARE TO ESTABLISH AND MANAGE AN EFFECTIVE COMPREHENSIVE CWSRF PROGRAM AND TO MAINTAIN A SELF-SUSTAINING REVOLVING FUNDS TO IMPROVE AND PROTECT WATER QUALITY AND PUBLIC HEALTH FOR CITIZENS THROUGHOUT THE STATE.

66.458 - Clean Water State Revolving Fund

EPA Region 5: Chicago [EPA - RO]

Michigan United States

State-Wide

None

Infrastructure $76,528,000 (100%) percent this Formula Grant was funded by the 2021 Infrastructure Act.