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NJ Environmental Infrastructure Financing Program (NJEIFP) ARRA Reporting

This document provides an overview of the NJ Environmental Infrastructure Financing Program (NJEIFP) ARRA reporting requirements. It includes information on loan terms, reporting forms, and consequences of non-compliance.

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NJ Environmental Infrastructure Financing Program (NJEIFP) ARRA Reporting

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  1. NJ Environmental Infrastructure Financing Program (NJEIFP) ARRA TrainingAccountability and Reporting Water Quality/Drinking Water Program Overview Trenton, New Jersey OCTOBER 05, 2009

  2. Water Quality/Drinking Water Program Overview Nancy Wittenberg Assistant Commissioner NJDEP Environmental Regulation ProgramNew Jersey Department of Environmental Protection OCTOBER 05, 2009

  3. Goals of ARRA NJ Environmental Infrastructure Financing Program (NJEIFP) • Fund projects that create jobs • Promote economic recovery • Generate long-term benefits from infrastructure investment

  4. $160 Million under CW SRF $43 Million under DW SRF AMERICAN RECOVERY AND REINVESTMENT ACT - 2009(ARRA)New Jersey ARRA’s Funds NJ Environmental Infrastructure Financing Program (NJEIFP)

  5. LOAN TERMS NJ Environmental Infrastructure Financing Program (NJEIFP) • ARRA Financing Program: • 75% zero-interest loan from DEP • 25% market-rate loan from Trust • a portion of the DEP loan in the amount of 50% of the total ARRA Program funding is subject to principal forgiveness CW-SRF $ 160 M ► $ 213 M DW-SRF $ 43 M ► $ 57 M

  6. Use of American Iron, Steel, and Manufactured Goods Davis Bacon Act applies to contracts More Extensive Reporting ARRAAWARD REQUIREMENTS NJ Environmental Infrastructure Financing Program (NJEIFP)

  7. NJ Environmental Infrastructure Financing Program (NJEIFP) ARRA Reporting forEnvironmental Infrastructure Financing State Revolving Fund Programs Using Clean Water Benefits Reporting and Drinking Water Project & Benefits Reporting Systems

  8. DEP’s Actions NJ Environmental Infrastructure Financing Program (NJEIFP) • Issue a standard reporting form for loan borrowers to provide borrower generated ARRA data • Make this “ARRA Loan Recipient Reporting Form” accessible at http://www.state.nj.us/dep/arra/ • Review borrower generated data and enter changes/updates into EPA data bases

  9. DEP’s Actions NJ Environmental Infrastructure Financing Program (NJEIFP) • Enter data as required by Section 1512 of ARRA into EPA data bases • Merge data into multiple reports as required by ARRA • Submit these reports no later than October 10th, January 10th, April 10th, and July 10th to FederalReporting.gov

  10. Borrower’s Actions NJ Environmental Infrastructure Financing Program (NJEIFP) • Complete the entire “ARRA Loan Recipient Reporting Form” • Scan form with signature and submit to e-mail address provided on form • Submit immediately contact information on pages 1 and 2 of “ARRA Loan Recipient Reporting Form” • Complete form, with updates, scan and submit to email address no later than December 15, March 15, April 15 and September 15 until all contracts are completed

  11. Handout of this form is available todayContact Information (NJEIFP)

  12. Quarterly Reporting, Part 5 of FormARRA Project Performance Information (NJEIFP) • Quarterly reports must be submitted by March, June, September and December 15th. • Includes Jobs Created/Retained and Employment Impact • Must be signed • E-mail a scan of document to address provided on form

  13. Instructions for Quarterly Reporting (NJEIFP)

  14. ARRA Program Consequences NJ Environmental Infrastructure Financing Program (NJEIFP) • Failure to submit the completed, updated “ARRA Loan Recipient Reporting Form” by the 15th of March, June, September and December will result in DEP withholding Loan Recipient’s disbursements. • ARRA funds are “USE or LOSE”

  15. Summary NJ Environmental Infrastructure Financing Program (NJEIFP) • Submit ARRA Loan Recipient Reporting Form quarterly • Submit through e-mail addresses on form Clean Water: CWARRA@dep.state.nj.us Drinking Water: DWARRA@dep.state.nj.us • Form is available at http://www.state.nj.us/dep/arra/ • Contact - Victoria Jenkins victoria.jenkins@dep.state.nj.us or (609) 292-3859

  16. (NJEIFP) ARRA PROGRAMS’ Documents Website http://www.nj.gov/dep/arra/

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