Drinking Water Financial Assistance
Drinking Water Financial Assistance
Missouri’s Drinking Water State Revolving Fund (SRF) loan program provides low-interest financing to construct drinking water projects that protect public health. As loans are repaid, money is available to be used again for new financings, thus making the program a "revolving fund."
Congress established the Drinking Water State Revolving Loan program in 1996 under the Safe Drinking Water Act to provide states with a financing mechanism for ensuring safe drinking water for the public. Missouri gives priority to eligible projects that address the most serious risks to human health, ensure compliance with requirements of the Safe Drinking Water Act and assist systems most in need on a per-household basis, according to state-determined priority points system.
Loan terms include a 20 year payback period and a subsidized interest rate is 30 percent of the 20-year AAA-rated, general obligation bond Municipal Market rate the week prior to loan closing. Loans may be paired with grant funds to offset a project’s total loan amount. Grants are available on a limited basis to eligible small communities based on disadvantaged status.
In order to be eligible, applicants must be capable of demonstrating technical, managerial, and financial sustainability and an ability to repay.
Political subdivisions (including counties, incorporated cities and towns, regional water or sewer districts) and privately-owned and not-for-profit facilities may apply for financing through the Drinking Water SRF loan program. Eligible projects include:
- Source intake structures and wells
- Treatment plantfacilities
- Water storage facilities
- Transmission and distribution mains, including water lines to existing unserved properties with water quality issues
- Consolidation of water systems
How to Apply
The first step towards receiving Drinking Water SRF assistance is to submit an application form to be evaluated for a funding commitment. Projects that are prioritized for available funding will be listed in the annual SRF Intended Use Plan. Listing indicates a non-binding commitment to fund the project pending successful progress through the SRF process by the applicant. Once listed on the plan, a project coordinator will be assigned, and will work with applicant to develop a project schedule. The project coordinator will assist the applicant with each step of the SRF funding process.
Applications to compete for a Drinking Water SRF funding commitment in the next fiscal year are due Feb. 15. However, applications may be accepted at any time; projects additions may be made to the Intended Use Plan up to four times per year. Only applications received by the deadline may be considered for grant funds and have first preference for available loan funds.
Contact the Financial Assistance Center’s Drinking Water Unit at 573-751-1192 or firstname.lastname@example.org for more information.
Fiscal Year 2019
Fiscal Year 2019 Drinking Water SRF Intended Use Plan – Adopted Oct. 17, 2018
Fiscal Year 2019 Drinking Water SRF Intended Use Plan – Amended Jan. 23, 2019
Fiscal Year 2020 Drinking Water State Revolving Fund Priority Points Criteria --PUB2362
Drinking Water State Revolving Fund Readiness to Proceed and Distribution of Funds Criteria Fact Sheet
Drinking Water State Revolving Fund Loan Application, Form--MO 780-1845
Drinking Water State Revolving Fund Facility Plan Submittal Checklist, Form--MO 780-2091
Fiscal Year 2018
Fiscal Year 2018 Drinking Water SRF Intended Use Plan – Adopted Oct. 11, 2017
Fiscal Year 2018 Drinking Water SRF Intended Use Plan – Amended Jan. 16, 2018
Fiscal Year 2018 Drinking Water SRF Intended Use Plan – Amended June 18, 2018