Getting Reacquainted with the Clean Water State Revolving Fund
Abstract:Despite the financial benefits that can be derived from the Clean Water State Revolving Fund (CWSRF) loan program, many communities still do not take advantage of this highly successful financing resource. Community decision-makers still generally prefer to use municipal bonds (revenue and general obligation) and pay-as-you-go (cash) approaches over CWSRF funding to finance water quality infrastructure projects. These decision-makers may have misperceptions regarding the CWSRF loan program, may be simply unaware of the latest efforts and initiatives within the program, or may be receiving erroneous information regarding the program. The objective of this manuscript is to reacquaint community decision-makers, including engineers and consultants, with the CWSRF loan program and also update them on the latest developments within this affordable financing alternative.
Document Type: Research Article
Publication date: January 1, 2008
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