State Revolving Fund
Working with you to preserve and protect our water resources by providing financing for planning, design and construction of drinking water and wastewater systems, and non-point source facilities.
The Missouri SRF leveraged loan program is a revolving fund established pursuant to the federal Clean Water Act of 1987. It was developed by the EIERA and the Missouri Department of Natural Resources in cooperation with the MIssouri Clean Water Commission, and provides subsidized low interest rate loans to qualifying applicants.
The Missouri SRF leveraged loan program is a subsidized low interest loan program. The political subdivisions must vote General Obligation and/or Revenue bonds to secure the applicant's debt. These bonds are purchased by and resold nationally by the EIERA. At present, the EIERA bonds are rated as AAA. Funds generated by the sale are deposited with a trustee in the applicant's name and are used for construction. As construction costs are incurred, state and federal funds are deposited into a reserve account in an amount equal to 70% or more of the construction cost. Interest earned on the reserve is credited to the interest portion of the debt service charge on the bonds thereby providing the interest subsidy to the recipient.
The EIERA currently offers leveraged loans for construction of public wastewater systems and for construction of public drinking water systems. Funding is available to finance the costs of planning, design and construction publicly owned wastewater and drinking water projects.
Applications for the SRF Leveraged Loan Program - Wastewater and Drinking Water - are available through the MIssouri Department of Natural Resources Water Protection Program 573-751-1300.
