Objective: During SFY 2023, the Iowa DWSRF plans to enter data into the DWSRF National Information Management System (NIMS) and the EPA reporting database for the Office of Water State Revolving Funds (OWSRF). • Goal: Comply with EPA guidance on reporting under the Federal Funding Accountability and Transparency Act (FFATA). Objective: In the Annual Report, SRF staff will list loans that met the several requirements of FFATA for open Cap Grants. Grants may not be closed out until equivalency amounts can be reported.
• Goal: Comply with the EPA Signage Guidance.
Objective: During SFY 2023 SRF staff and recipients will notify the public in the most effective ways possible about assistance agreements and benefits of the DWSRF program in order to enhance public awareness of EPA assistance agreements nationwide. The Iowa DWSRF program sends out press releases listing all DWSRF loans that have closed and borrower contact information. Additional long-term goals include: • Goal: Prioritize the provision of funds, to the extent practicable, to projects that address the most serious risk to human health and are necessary to ensure compliance with the national primary drinking water standards. Objectives: Priority will be assigned to projects that address human health risks or compliance issues by the provision of points assigned during the DWSRF scoring process as outlined in 567 IAC Chapter 44.
• Goal: Work with other state and federal agencies to coordinate water quality funding.
Objective: During SFY 2023, SRF staff will meet regularly with staff from the Community Development Block Grant program, and USDA Rural Development. SRF staff will also coordinate funding with state and federal grant and loan programs designed to address both point source and nonpoint source water quality initiatives. • Goal: Apply program requirements that are simple and understandable and do not add unnecessary burdens to applicants or recipients. Objectives: During SFY 2023 SRF staff will continue to assist applicants with completing the federal cross- cutting requirements for environmental and historical review. Staff will not be responsible for Davis-Bacon compliance but will advise borrowers as needed. Borrowers will be responsible for compliance and may hire outside consultants to assist.
• Goal: Continue the option of extended financing terms for DWSRF infrastructure projects.
Objective: During SFY 2023 this option will be offered to all projects on the Project Priority List. Applicants seeking extended financing must complete a worksheet outlining the anticipated useful life of the project components. The average weighted useful life is used to determine the extended term of the loan. • Goal: Maintain mechanisms for funding the on-going administration of the program if federal funding is reduced or eliminated. Objective: During SFY 2023 initiation and servicing fees will be collected on DWSRF loans for deposit to administrative accounts. SRF staff will develop short and long-term plans for administrative budgets.
• Goal: Manage the DWSRF to maximize its use and impact through sound financial management.
Objective: During SFY 2023 SRF staff and financial advisors will continue to conduct financial analysis and
IOWA SRF INTENDED USE PLANS 2023 - DWSRF | Page 31
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