State of Oregon Revolving Loan Fund

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State of Oregon Revolving Loan Fund

• Roberto Reyes-Colon, SRF Coordinator
• 971-673-0422
• Roberto.Reyes-Colon_at_state.or.us

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SRF Highlights The First Ten Years 1997 - 2007

• 77 loans were made to eligible water systems.
• The largest loan was 6,270,000.00
• The smallest loan was 49,341.00
• The Loan Fund has committed 133,894,044.00 of
  the 153,106,732.00 in the Loan Fund.

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Safe Water Revolving Loan Fund

• ELIGIBLE APPLICANT
• Community Water System
• Private investor owned or non-
  profit.
• Municipal City, District, Port
• Nonprofit non-community Water System
• Meets Oregon Law as a nonprofit
  entity.
• Federally owned systems not eligible.

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State of Oregon Revolving Loan Fund

• Who is an eligible Applicant?
• Community Water Systems A public water system
  which has 15 or more service connections used by
  year-round residents, or which regularly serves
  25 or more year-round. Water systems may be
  private investor owned or non-profit or are a
  city, district or port under Oregon law.
• Nonprofit non-community water system A public
  water system that is not a community water system
  and that regularly serves at least 25 people and
  is legally recognized under Oregon Law as a
  nonprofit entity.
• Federally owned water systems are not eligible.

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State of Oregon Revolving Loan Fund

• ELIGIBLE PROJECT
• The Fund is intended to provide financing to
  water systems to assist in the compliance with
  the Safe Drinking Water Act of 1996 as amended.
• Applicant must show project is necessary to
  maintain compliance or return to compliance with
  drinking water quality standards as administered
  by the Oregon Drinking water Program.
• Applicants may apply for any phase or combination
  of phases in a single Letter of Interest (LOI).
• Planning
• Engineering Design
• Construction

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State of Oregon Revolving Loan Fund

• An eligible project can focus on
• Water source
• Treatment
• Storage
• Supply
• Transmission
• Distribution
• Note Water Meters All services to be metered.
  Loan can include the cost of metering.

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State of Oregon Revolving Loan Fund

• The SRF Process January to September.
• Letters of Interest (LOIs) the document that is
  sent to every privately-owned and publicly owned
  community water system and non-profit community
  system requesting their intent (desire) to apply
  for revolving loan funding.

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State of Oregon Revolving Loan Fund

• Elements of the Revolving Loan Fund
• The loan fund the sum that is allocated to the
  Oregon Economic Community Development
  Department (OECDD) for loans to water systems.
• The set aside activities
• Administrative Expense
• Technical Assistance
• Local Assistance
• State Program Management

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State of Oregon Revolving Loan Fund

• Administrative Expense The regulation allows
  for 4 of the yearly allocation. This set aside
  is composed of the administrative costs of
  administering the loan program at DHS/Drinking
  Water Program Oregon Economic Community
  Development Department.

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State of Oregon Revolving Loan Fund

• Technical Assistance For this set-aside the
  regulation allow 2 of the yearly allocation.
• The Technical Assistance activity is composed of
  the Drinking Water Circuit Rider Program. This
  is a contracted activity. Presently HBH
  Engineering is the entity providing these
  services.

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State of Oregon Revolving Loan Fund

• Local Assistance For this set-aside we can use
  up to 15 of the yearly allocation to assist in
  the development and implementation of local
  drinking water protection initiatives.
• This is a joint effort between DHS/Drinking Water
  Program and the Oregon Department of
  Environmental Quality through an Inter-Agency
  Agreement.

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State of Oregon Revolving Loan Fund

• State Program Management Up to 10 of the
  annual allotment may be used for State Program
  Management Activities.
• This set-aside supports the primacy water system
  program.