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Water Resource Information System

Kentucky Unbridled Spirit (TM)

Drinking Water State Revolving Loan Fund

Information regarding Fund F Infrastructure Revolving Loan Program can be found below.

Loan Term Sheet

INTEREST RATE:

The standard rate is 2.75% and the non-standard rates are 1.75% and 0.75% for the period July 1, 2013 to June 30, 2014. To qualify for the 0.75% hardship rate, the community’s median household income must be below $33,798 (80% of the MHI of the Commonwealth). To qualify for the 1.75% non-standard rate, the borrower must have a MHI between $42,248 and $33,798 (80% of the State MHI) or be considered regional, or the project must assist the system to achieve compliance with an order or judgment addressing environmental noncompliance.

REPAYMENT PERIOD:

Within 20 years of project completion commencing within one year of initiation of operation. Thirty-year terms may be available for disadvantaged communities.

FINANCING EXPENSES:

None

LOAN SERVICE FEE:

A fee of 0.25% of the unpaid loan balance paid annually.

LOAN PAYMENT FREQUENCY:

Semi-annually each June 1 and December 1.

REPLACEMENT RESERVE:

Dependent of the useful life of the assets being funded.

ELIGIBILITY:

Governmental agencies, other than federal agencies, for facilities necessary to achieve or maintain compliance with the Safe Drinking Water Act or to protect public health. Borrower must demonstrate financial, managerial, and technical capacity. Project must be included on the project priority list in the Intended Use Plan for the Drinking Water State Revolving Fund loan program.

PRIORITY OF LOAN
AWARDS:

Awards are based on the project ranking on the Drinking Water Project Priority List. Maximum award per year to a Governmental Agency is $4 million.

LOAN APPLICATION
PROCESS:

Upon receipt of the letter of invitation, obtain and file the application document with KIA. After meeting the financial requirements obtain a loan commitment from KIA board. Complete the DOW technical planning requirements, obtain construction bid, adopt adequate user charge rates and execute the Assistance Agreement. Draw loan funds as project expenses are incurred. Finalize loan amount upon essential project completion and confirm repayment schedule.

 

Contact Person
 

Jeff Abshire
502-573-0260 x240
Email

 

Resources
 

Intended Use Plans

FINAL 2014 DWSRF IUP
(PDF - 546KB)

FINAL 2013 DWSRF IUP
(PDF - 595KB)

FINAL 2012 DWSRF IUP
(PDF - 359KB)

FINAL 2011 DWSRF IUP
(PDF - 596KB)
updated 08/05/10

FINAL 2010 DWSRF IUP
(PDF - 2.03 MB)

DWSRF ARRA Priority List
(PDF - 7.91KB)
updated 11/19/09

Sustainable Infrastructure (SI) Brochure
(PDF - 290KB)

Application Materials

Fund F Instructions
(DOC - 147 KB)
updated 06/10/09

Fund F Loan Application
(DOC - 240KB)
updated 08/02/07

DWSRF Assurances
(DOC - 16.5KB)

DWSRF Authorizing Resolution
(DOC - 26.0KB)
updated 06/10/09

DWSRF Debarment Certification
(DOC - 13.0KB)

EPA Title VI Form
(PDF - 135KB)
updated 01/04/12

Procurement Certification
(DOC - 34.0KB)

Application Checklist
(RTF - 78.2KB)

 

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Last Updated 9/30/2013
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