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Indiana Finance Authority State Revolving Fund Loan Program

Indiana Finance Authority State Revolving Fund Loan Program. ACEC Indiana Funding Sources Workshop August 21, 2014 William Harkins State Revolving Fund Program Director Indiana Finance Authority. State Revolving Fund 100 N. Senate Avenue, Room 1275 Indianapolis, Indiana 46204.

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Indiana Finance Authority State Revolving Fund Loan Program

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  1. Indiana Finance AuthorityState Revolving Fund Loan Program ACEC Indiana Funding Sources Workshop August 21, 2014 William Harkins State Revolving Fund Program Director Indiana Finance Authority State Revolving Fund 100 N. Senate Avenue, Room 1275 Indianapolis, Indiana 46204 wharkins@ifa.in.gov 317-234-4862

  2. Assistance Provided Clean Water & Drinking Water ●Low Interest Loans Current rates 2.00% to 2.80% ● Additional Interest Rate Reduction Climate/Extreme Weather Green / Sustainable Projects Non-point Source Projects ● Grants (Limited to low to moderate income areas) $ 2.5 Million in Clean Water in SFY 2015 $ 3.0 Million in Drinking Water in SFY 2015 $ 29. 2 Million in Clean Water 2010-2014 $ 18 Million in Drinking Water 2010-2014

  3. SRF Program History - Capitalization Federal Capitalization Grants • The Clean Water SRF Program and the Drinking Water Program are capitalized by Federal Capitalization Grants and Proceeds of Bonds (including 20% State Match bonds) • The SRF Programs have received over $1.18 billion in Federal Capitalization Grants through Federal fiscal year 2014 Historical Federal Capitalization Grants ($mn) • Federal Grants by Fiscal Year 2

  4. SRF Program Results 3

  5. SRF Program Results – Cumulativeas of June 30, 2014 • 441 Clean Water loans closed • 205 Drinking Water loans closed • Over 300Communities served • Over $3.6 Billion in loan closings • Over $3.3 Billion disbursed to communities • Over past 4 years, $275 Million interest savings

  6. Indiana Finance Authority State Revolving Loan Programs Largest Individual Loan ▪ City of Terre Haute, $139,371,000. ▪ Closed on 12/13/2012. ▪ 2.14%. Smallest Individual Loan ▪ Town of Lewisville, $55,000. ▪ Closed on 6/28/2002. ▪ 3.50%. City with the Largest Collective Borrowings ▪ City of Fort Wayne, $204,335,005. ▪ combined Clean Water and Drinking Water.

  7. SRF 2015 Priority Lists The SRF State Fiscal Year 2015 Project Priority Lists (Q1) identify $616,048,050 in infrastructure needs. Identified Needs SFY 2015 ■Drinking Water■Funding Allocation ■ $88,695,442 ■ $25 Million (6 projects) ■Clean Water ■$335,320,750 Large Systems ■$150 Million (11 projects) ■$192,031,858 Small Systems ■ $75 Million (12 projects) To view the Project Priority Lists: http://www.in.gov/ifa/srf/2373.htm

  8. WRRDA of 2014 • Prevailing Wage Requirement • Fiscal Sustainability Plan • Certifications: • Cost Effectiveness • Efficient Water Use and Energy Conservation • QBS • 10/1/15 and 10/1/16 Effective Dates

  9. Indiana Finance AuthorityState Revolving Fund Loan Program • Job Opening ID: 591705  Posting Title: Environmental Engineer Supervisor 3 - SRF • Current employees: https://hr85.gmis.in.gov/psp/hr91prd/?cmd=login&languageCd=ENG and go to Self Service>Recruiting Activities>Careers • External applicants: • need to go to Careers.IN.gov - http://www.in.gov/spd/careers/

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