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STATE REVOLVING FUND LOANPROGRAMSDrinking Water StateRevolving Fund(DWSRF)(CWSRF)Felicia e1revolving-fund-program
About theState Revolving Fund (SRF) Loan Programs Funded by federal andstate governments Capitalized by EPA grantswith a 20% state match Low interest loans tolocal governments, cities,counties, utility districts,water/wastewater energyauthorities to financewater and wastewaterprojects2
About theSRF Loan Programs cont. Loans for planning, design, and construction or planningonly or planning and design only or construction only Reimbursement program Loan repayments are returned to the program and areused to fund future SRF loans. Partnerships with Other Funding Sources—Other Federaland State Agencies, CDBG, RUS, ARC, ECD, STAG, etc.3
Terms of SRF Loans 5 – 20 year terms (DWSRF loans) 5 – 30 year terms (CWSRF loans) Interest Rates From 0% to market rate(The lower the Community on the economic index scale, thelower the interest rate.) Fixed for the life of the loan Repay only the actual amount drawn down No early repayment penalty4
SRF Interest RatesAs a Percentage of Market Rate—2.85% as of August 1, 2016ATPI10%20%30%5 YR10 YR15 YR20 YR25 YR30 YRInt. Rate0.06%0.11%0.14%0.16%0.18%0.19%ATPI40%5 YR10 YR15 YR20 YR25 YR30 YRInt. Rate0.24%0.43%0.55%0.64%0.72%0.76%5 YR10 YR15 YR20 YR25 YR30 YR0.12%0.21%0.28%0.32%0.36%0.38%50%5 YR10 YR15 YR20 YR25 YR30 YR60% 5 YR10 YR15 YR20 YR25 YR30 7%1.09%1.14%5 YR10 YR15 YR20 YR25 YR30 YR0.18%0.32%0.41%0.48%0.54%0.57%570%5 YR10 YR15 YR20 YR25 YR30 YR0.41%0.75%0.97%1.13%1.27%1.33%80%5 YR10 YR15 YR20 YR25 YR30 YR0.47%0.86%1.10%1.29%1.45%1.52%90%5 YR10 YR15 YR20 YR25 YR30 YR0.53%0.96%1.24%1.45%1.63%1.71%100%5 YR10 YR15 YR20 YR25 YR30 YR0.59%1.07%1.38%1.61%1.81%1.90%
Ability To Pay Index (ATPI)Saving money with SRF LoansCity / CountyATPIInterest RateCLIFTON0%0% - Fixed for 20 yearsOAKDALE10%0.16% - Fixed for 20 yearsGREENFIELD20%0.32% - Fixed for 20 yearsMcKENZIE30%0.48% - Fixed for 20 yearsHOHENWALD40%0.64% - Fixed for 20 yearsMEMPHIS50%0.81% - Fixed for 20 yearsMANCHESTER60%0.97% - Fixed for 20 yearsFRANKLIN70%1.13% - Fixed for 20 yearsCOLLIERVILLE80%1.29% - Fixed for 20 yearsALCOA90%1.45% - Fixed for 20 yearsGATLINBURG100% 61.61% - Fixed for 20 years
SRF INTEREST RATES cont.For FY 2016, there will be an additional0.25% rate reduction from the ratesgiven in the interest rate table at thetime of the loan application.7
Ability To Pay Index (ATPI)Saving money with SRF LoansCity / CountyATPIInterest Ratew/25% Rate ReductionCLIFTON0%0% - Fixed for 20 years0% - Fixed for 20 yearsOAKDALE10%0.16% - Fixed for 20 years0% - Fixed for 20 yearsGREENFIELD20%0.32% - Fixed for 20 years0.07% - Fixed for 20 yearsMcKENZIE30%0.48% - Fixed for 20 years0.23% - Fixed for 20 yearsHOHENWALD40%0.64% - Fixed for 20 years0.39% - Fixed for 20 yearsMEMPHIS50%0.81% - Fixed for 20 years0.56% - Fixed for 20 yearsMANCHESTER60%0.97% - Fixed for 20 years0.72% - Fixed for 20 yearsFRANKLIN70%1.13% - Fixed for 20 years0.88% - Fixed for 20 yearsCOLLIERVILLE80%1.29% - Fixed for 20 years1.04% - Fixed for 20 yearsALCOA90%1.45% - Fixed for 20 years1.20% - Fixed for 20 yearsGATLINBURG100%1.61% - Fixed8 for 20 years1.36% - Fixed for 20 years
Drinking Water State Revolving Fund(DWSRF) Loan Program Tennessee’s DWSRF program hasawarded an average of 20 Mannually over the last 5 years tobring water systems intocompliance with the SafeDrinking Water Act and newregulations. From 1996 to date, the DWSRFProgram has funded low-interestloans totaling over 253 M.9
Eligible DWSRF Projects Water Treatment Plants(Upgrades, Expansion, or New) Transmission Lines andDistribution System(Rehabilitation, Replacement,Extension) Source Water/Well Development Storage Tanks New Water Systems Pressure Problems Capacity Water Loss Water Meter Replacements10
DWSRF Construction Project PicturesWatauga River Regional WaterAuthority new 2MGD WTPElizabethton Waterline Extension11
Some DWSRF Loan Recipients 25 UDAthensBig Creek UDBloomingdale UDClarksvilleClevelandCollinwoodCrossvilleCordell Hull UDCumberland UDDekalb UDDicksonDyersburgElizabethtonGiles CountyHalls Hallsdale-Powell UDHarrimanJellicoJefferson CityKingsportLaFolletteLaGuardo UDLebanonLenoir City UBLivingstonLoudonLynchburg/ MooreCounty Maynardville12 McMinnville MorristownMoshiemMount PleasantNewportPopular Grove UDReelfoot UDRidgelyRogersvilleTroyUnion Fork/Bakewell UDWatauga River RegionalWater Authority Watts Bar UD West Overton UD White House
Tennessee’s Largest Water Quality Financing SourceClean Water State Revolving Fund (CWSRF) Loan Program Tennessee’s CWSRF programhas awarded an average of 87 M annually in the last 5years to constructwastewater facilities that arerequired to protect waterquality and/or public health. From 1987 to date,Tennessee’s CWSRF hasfunded low-interest loanstotaling approximately 1.6B.13
Eligible CWSRF ProjectsSection 212 Projects Wastewater Treatment Plants Infiltration/inflow correction Rehabilitation and/or replacement ofsewer lines, manholes, etc. New collector and interceptorsewers Combined sewer overflow correction Storm water and sewer construction Conveyance of recycled water fromwastewater facility to end user Decentralized wastewater treatmentsystems14 Section 319 ProjectsNonpoint source pollution control GREEN ProjectsGREEN INFRASTRUCTURE-Storm watermanagement, reduction, recapture, ortreatmentWATER CONSERVATION, EFFICIENCY, ANDREUSE-Re-purified water lines (water re-use),Water Meter Replacements, Water Auditsand Conservation PlansENERGY INITIATIVES AND EFFICIENCY-Pumpstation rehab utilizing VFDs, Solar mixers atWWTPs, Energy efficient lighting, HVAC,process equipment, or electronic equipmentand systems, Energy AuditsENVIRONMENTALLY INNOVATIVE –Composting sludge, New DecentralizedSolutions
SRF Construction Project PicturesChattanooga East Brainerd CollectionSystem Rehabilitation - BeforeChattanooga East Brainerd CollectionSystem Rehabilitation - After15
SRF fundedCollection SystemRehabilitationprojects16
SRF funded CollectionSystem Rehabilitationprojects17
SRF Construction Project PicturesMorristown Whitt PSImprovementsOak Ridge EQ Basin18
SRF Construction Project PicturesChattanooga DisinfectionSystem UpgradeLenoir City WWTP Expansion19
Some CWSRF Loan Recipients Alcoa AndersonCounty UD Athens Atoka Bell Buckle Blaine Bolivar Camden Carthage Centerville Chattanooga Clarksburg Cleveland Collegedale Cookeville Cowan lleGordonsvilleHallsdalePowell UDHamilton Co.WWTAHarrimanHarrogateHohenwaldJackson20 JellicoKingsportLawrenceburgLebanonLenoir orristownMurfreesboroNashvilleNewportOak Ridge OaklandOliver SpringsPegramRipleyRoane CountyShelbyvilleSmyrnaSpring HillSpringfieldSweetwaterTullahomaUnion CityWhite House
SRF ContactsSherwin Smith, DirectorSam Gaddipati, Environmental Manager Administrative & Financial SectionsManager:Dr. Bagher Sami615-532-0501Bagher.Sami@tn.gov Environmental Consultant:Ms. Felicia Freeman615-253-5134Felicia.D.Freeman@tn.govSRFLP Contact information can be found at gram-contacts21
taterevolving-fund-programPhone: 615-532-0445Fax: 615-532-019922
CLIFTON 0% 0% - Fixed for 20 years 0% - Fixed for 20 years OAKDALE 10% 0.16% - Fixed for 20 years 0% - Fixed for 20 years . station rehab utilizing VFDs, Solar mixers at WWTPs, Energy efficient lighting, HVAC, . Oliver Springs Pegram Ripley Roane County Shelbyville Smyrna Spring Hill Springfield
