Rhode Island CWSRF IUP
Rhode Island Infrastructure Bank (the Bank) is pleased to submit to the Environmental Protection Agency (EPA) the Intended Use Plan (IUP) for all Clean Water Act (CWA), Title VI funds available to the Clean Water State Revolving Fund (CWSRF) including the Federal Fiscal Year (FFY) 2019 allotment of $10,669,000. The Bank agrees to provide, through methods available to it, the required State Matching Funds of $2,133,800 for the FFY 2019 Capitalization grant. The Rhode Island Department of Environmental Management (RIDEM) is responsible for establishing assistance priorities; assisting in the development of the IUP; maintaining the project priority list (PPL); determining project eligibility; performing technical project reviews; monitoring construction; review of project disbursements and project closeouts. The State reserves the right to transfer up to 33 % of the CWSRF Capitalization grant to the DWSRF or an equivalent amount from the DWSRF to the CWSRF. One of 12 long term goals is to continue to assist all prospective borrowers during all phases of project development, including the financing process. With the award of this grant in the amount of $10,669,000 plus the State Match of $2,133,800 for a total amount of $12,802,800, the Bank expects to fund all, or portions of the projects identified in Table 2 attached hereto (page 14).
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