Rural Water - Quarter 3, 2010 - (Page 29)

THE LEGISLATIVE ISSUE THE UNITED STATES Congress passed an $876 billion economic stimulus REINVESTMENT ACT The SRF funding was $4.0 billion for clean water grants and loans and $2.0 billion for drinking water loans and negative interest loans. States submitted a priority list to EPA and all funding was committed to the states by February 15 of this year. The Clean Water program included grants and both SRFs had a requirement of utilizing 20 percent of the funding on “green” projects. President’s FY 2011 budget request For USDA, the President’s FY 2011 budget requested $534 million for the Rural Water and Waste Disposal American RECOVERY and Program Account. This is a reduction of $34 million or 6 percent from the FY 2010 enacted level. For EPA, the President’s FY 2011 budget requested $1,287 billion for the Drinking Water State Revolving Loan. This is a reduction of $100 million or 7.7 percent from the FY 2010 enacted level. For the Clean Water State Revolving Loan, the President’s budget requested $2 billion. This is a reduction of $100 million or 4.7 percent from the FY 2010 enacted level. There has been no movement to date to advance the House or Senate USDA or Interior (includes EPA funding) appropriations bills, and there is growing consensus that Congress will not complete funding for these program before the end of the fi scal year or September 30, 2010. Under this scenario, these programs will operate under a continuing resolution until fi nal passage that may take place early in 2011. Third Quarter 2010 • 29 program in March of 2009. The purpose was to stimulate the economy to recover from the financial crisis/recession. This stimulus bill included $3.264 billion in additional funding for rural water and wastewater systems through the USDA/RUS grant and loan programs and $6.0 billion through the EPA Drinking Water and Clean Water State Revolving Funds (SRF). As of June 18, 2010, USDA has announced $2.7 billion of the $3.264 billion or 83 percent of available funds for 742 projects around the nation. The loan and grant breakdown to date is $1.7 billion in loans and $1 billion in grants. This leaves a loan and grant balance of approximately $449 million that should be allocated by August of this year. This balance consists of mostly loan authority but the administration has the ability to make adjustments by transferring funding between the loan and grant programs. This funding was made available until September 30, 2010.

Table of Contents for the Digital Edition of Rural Water - Quarter 3, 2010

Rural Water - Quarter 3, 2010
Contents
From the President
Relationships Don't Just Happen Overnight
Make the Link!
Meet the New Agency Heads!
Legislation is Top Priority in Texas
Legislative Efforts in Arkansas
American Recovery and Reinvestment Act
Rural Water Utilities Energy and Water Efficiency Program
Regulatory Update
Wrap It Up: Michigan and South Dakota Advertise Quality on Tap!
Throwing My Loop
Index to Advertisers/Advertisers.com
From the CEO

Rural Water - Quarter 3, 2010

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