From: Iowa State Revolving Fund 
Sent: Monday, April 30, 2012 4:35 PM
To: [log in to unmask] 
Subject: Intended Use Plans Approved


                  April 30, 2012 
           
                  Intended Use Plans Approved
                 
                  The FY 2013 Intended Use Plans (IUPs) for the Clean Water and Drinking Water SRF are now available for public review. The IUPs include funding sources, uses, goals and objectives and program policies such as interest rates and terms. Several new items are proposed for the upcoming year: 



                    a.. Development of a small/emergency loan program using non-program income. 
                    b.. Analysis of the capacity of the funds to support lower interest rates. 
                    c.. Implementation of the Water Resource Restoration effort, in which watershed protection projects are supported through interest rate reductions on Clean Water SRF wastewater loans. 
                    d.. Greater focus on sustainable practices. 
                    e.. Reduction of the loan origination fee on infrastructure loans from 1% to 0.5% with a maximum amount of $100,000.

                  A public meeting is scheduled for Thursday, May 10, 2012 at 10:00 a.m. at the DNR Water Supply office at 401 SW 7th Street, Suite M, Des Moines, IA 50309. Written comments will be accepted through May 17, 2012 and should be directed to: Patti Cale-Finnegan, fax 515-725-0348.  



                    a.. DRAFT FY 2013 Clean Water SRF IUP and project priority list 
                    b.. DRAFT FY 2013 Drinking Water SRF IUP and project priority list


                  Applications are accepted year-round and the IUPs are updated quarterly. The next deadline for applications is June 1, 2012.



                  For more information contact Patti Cale-Finnegan, 515-725-0498. 
           
           

                 
           
           
     

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      Iowa Finance Authority | 2015 Grand Ave. | Des Moines | IA | 50312 


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