Alabama CWSRF IUP

The State of Alabama will receive an EPA Capitalization Grant of $17,770,000 from EPA that will be used to provide low interest financial assistance for the CWSRF program. The 20% State matching fund requirement for the capitalization grant is $3,554,000 and will be fulfilled by an overmatch of State Match Bonds issued in previous years’ and a contribution from ADEM State Enforcement Action. FY 2020 Alabama CWSRF IUP aims to ensure compliance with the "first use" requirements which require that CWSRF assistance be available to projects which are members of the National Municipal Policy (NMP) universe; projects which have legally enforceable compliance schedules. Another goal: to provide CWSRF loans with additional subsidization in the form of principal forgiveness for not less than 10% ($1,777,000) of the CWSRF Capitalization Grant.