Federal, state and local government entities working together to meet the health, welfare and public...
-
date post
21-Dec-2015 -
Category
Documents
-
view
216 -
download
0
Transcript of Federal, state and local government entities working together to meet the health, welfare and public...
1
Federal, state and local government entities working together to meet the health, welfare and public safety needs of
Wyoming’s citizens.
January 11, 2011
PARTNERS IN PROJECTS
Rob TompkinsOffice of State Lands & Investments
2
Grants and Loans ProgramMineral Royalty Grants
(MRG)
Joint Powers Act Loans(JPA)
Clean Water Revolving Fund Loans
(CWSRF)
Drinking Water Revolving Fund Loans (DWSRF)
Transportation Enterprise Grants (TEA)
OFFICE OF STATE LANDS AND INVESTMENTS
3
The Office of State Lands and Investments Grants and Loans
Program staff are responsible for the administration and coordination of
grants and loans to Wyoming cities, towns, counties, special districts and joint powers boards awarded by the State Loan and Investment Board.
Grants and Loans Program
4
Pursuant to W.S. 9-4-604 the MRG program awards grants to:
Alleviate an emergency situation which poses a direct and immediate threat to public health, safety or welfare or
To comply with federal or state mandates or
To provide an essential public service
Mineral Royalty Grant
5
Mineral Royalty Grant Funds available after June 2010 State Loan and Investment Board Meeting: $24,435,025
The Board shall award approximately eighty-seven and one half percent (87.5%) of the available funds for grants that do not exceed fifty percent (50%) of eligible project costs
The Board shall award approximately twelve and one half percent (12.5%) of the available funds for grants that are over fifty percent (50%) but do not exceed seventy-five percent (75%) of eligible project costs. In the event the Board does not award all of the designated 75% grant funds available at any grant meeting, those funds will be carried forward to the next grant meeting. In the event that the Board has not awarded all of the 75% grant funds by the end of the biennial appropriation period the remaining funds will revert to the 50% grant fund.
Funding will be awarded at the next three (3) semi-annual grant and loan meetings in January and June of each year.
Application due dates:Board Date Application Due Date June 16, 2011 February 17, 2011January 19, 2012 September 15, 2011
MRG Funding
6
Given the Significant drop in funding for local government entities for capital infrastructure projects in the 2011/2012 biennium, local government entities must continue efforts to leverage matching funds from an array of potential sources such as:
Mineral Royalty GrantsJoint Powers Act LoansClean Water State Revolving FundsDrinking Water State Revolving FundWyoming Water DevelopmentUSDA – Rural DevelopmentWyoming Business CouncilWyoming Department of Transportation
Leveraging Project Funding
7
Statutory authority for the Joint Powers Act Loan program:
W.S. 16-1-109
Eligible applicants are Wyoming counties, municipal corporations, school districts, community college districts, the Joint Business Council of the Eastern Shoshone and Northern Arapaho Indian
tribes, the Business Council of the Eastern Shoshone Indian tribe, the Business Council of the Northern Arapaho Indian tribe, special
districts, the University of Wyoming, and joint powers boards
Joint Powers Act Loans (JPA)
8
The State Loan & Investment Board (SLIB) can only award Joint Powers Act Loans for facilities that generate revenue and the revenue must be sufficient to service the debt and represent a prudent use of state funds. Examples include, but are not limited to, the following:
Tipping (i.e. dumping) fees at landfills Dorm room charges at collegesProperty tax assessmentsHospital RevenuesLease/Rental IncomeUser FeesTap Fees
Key Features of the JPA Loan Program
9
Funding Available: $42,385,786
Long loan terms, up to 40 years
Fixed rate loans, 2011 interest rate at 4.98%. Interest rate established annually in January by the State Treasurer’s office
Loan origination fee does not apply until applicant needs the money
No penalty for not using full loan amount as may be the case with private sector loans
JPA Loan Program
10
SRF LOAN PROGRAMSThe Wyoming CWSRF and DWSRF programs provide assistance to Wyoming residents through local governmental entities. The purpose of the programs is to provide loans at or below market interest rates to qualified applicants for design and construction
Project must be on the current Intended Use Plan (IUP)
Available funding: DWSRF $44,000,000 CWSRF $57,000,000
Fixed interest rate currently 2.5%
Loan term not to exceed 20 years
Loan origination fees: DWSRF - ½% CWSRF – none
In the process of rulemaking for the special program incentives included in the Federal FY 2010 grant:
Green project reserve Additional Subsidization
11
Green Project Reserve20% of Wyoming’s FFY 2010 capitalization grants
for CWSRF and DWSRF must be used for “Green Reserve” projects• CWSRF $2,000,400• DWSRF $2,714,600
Project types eligible for Green Reserve Funding:• Projects with water efficiency components• Projects with energy efficiency components• Green stormwater infrastructure projects• Environmentally innovative projects
SRF Special Program Incentives
12
Principal ForgivenessCWSRF • At least $1,497,982 but not more than $4,993,274 in
principal forgiveness for the FFY 2010 Cap Grant
DWSRF• At least $4,071,900 in principal forgiveness for the
FFY 2010 Cap Grant
SRF Special Program Incentives
13
Examples of ARRA Funded Projects:
90 Kw photovoltaic cells at a 212 Treatment Works Plant to promote energy efficiency
Irrigation reuse as a water conservation measure at a 212 Treatment Works Plant
Wind Turbines at a 212 Treatment Works Plant to promote energy efficiency
Wyoming’s ARRA Experience with the CWSRF Green Reserve
14
Examples of ARRA Funded Projects:
New water meters where none have previously existed
Variable frequency drives on water well pumps
Photovoltaic panels on wellhouses to promote energy efficiency
Wind turbines to power pumps at water wells
Replacement water meters if meters are extremely old and inoperable [Established by Business Case]
Wyoming’s ARRA Experience with the DWSRF Green Reserve
15
Examples of ARRA Funded Projects
Sewer line replacement projects
Sewer line lining projects
A landfill expansion project
Lagoon system upgrades
Wyoming’s ARRA Experience with CWSRF Conventional Projects
16
Examples of ARRA funded projects
Water line replacement projects
Water storage tank projects
Water meter replacement projects - For those projects for which a “green project” business case cannot be made
Wyoming’s ARRA Experience with DWSRF Conventional Projects
17
SRF Flow Diagram Notify State Revolving Fund Program of Proposed
Project
Project must be on Intended Use Plan; Department of Environmental Quality
Environmental Review Process; Department of Environmental Quality
Dedicate Repayment Source; Office of State Lands & Investments
Loan Application; Office of State Lands & Investments
Loan Approval; State Loan & Investment Board
Plans, specifications, and construct documents review; Department of Environmental Quality
Open bids, submit information for approval if drinking water loan; Water Development Office
Construct
Submit Loan Draft Requests; Office of State Lands & Investments
Submit Certificate of Substantial Completion; Office of State Lands & Investments