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FY 2023 Intended Use Plans Clean Water State Revolving Fund I. STATE FISCAL YEAR 2023 PLAN OF ACTION

The Clean Water SRF Program funds wastewater treatment, sewer rehabilitation, and stormwater quality improvements, as well as non-point source projects. Publicly owned wastewater treatment works, including those owned by cities, counties, sanitary districts, and utility management organizations are eligible. For non-point source projects, both public and private entities are eligible, including farmers, landowners, watershed organizations, landfills and rural homeowners. The CWSRF loan program consists of three main program areas: • The purchase of debt obligations for wastewater and some storm water projects for publicly owned facilities • Direct loans, loan participation and linked deposit financing approaches addressing nonpoint source programs • Water Resource Restoration Sponsor Program (Sponsored Projects) addressing nonpoint source problems via interest rate reductions on wastewater loans

The SFY 2023 Plan of Action covers the following areas: • CWSRF goals and objectives • Current and projected financial capacity of the CWSRF • Financial management strategies • Plan for the SFY 2023 Project Priority List • Plan for Nonpoint Source Assistance Programs • Plan for use of administrative accounts

The plan is based on anticipated use of new and revolved funds available in the CWSRF for funding water quality protection needs, including both publicly owned wastewater infrastructure and nonpoint source water protection projects. CWSRF Goals and Objectives The primary long-term goal of the Iowa CWSRF is to protect the environment and public health and welfare through a perpetual financial assistance program. Due to federal legislation in this past year, program updates are anticipated in SFY 2023. New goals have been established to meet those requirements and adjust programs to available staff. The SFY 2023 short-term goals and objectives are as follows: • Goal: Commit loan funds to as many recipients as possible in accordance with the state priority rating system, the IUP, staff resources, and available funding, in order to assist in the construction of projects with the highest water quality impacts. Objective: During SFY 2023, applications will be accepted quarterly and updates to the IUP will be prepared to add projects and update program financial information. Sponsored Project applications will be taken in March 2022 and added to the IUP during this fiscal year. Projects approved under the Nonpoint Source Assistance Programs will be funded on a continuous basis from the funds reserved for those programs. • Goal: Continue to implement the Water Resource Restoration Sponsor Program authorized in Iowa Code 384.84. Objective 1: During SFY 2023, SRF staff will receive applications only once this year for Sponsored Project funding. The application deadline for SFY 2023 was in March 2022, as advertised in the previous SFY 2022 Intended Use Plan. In conjunction with watershed coordinators, Iowa Department of Agriculture and Land

IOWA SRF INTENDED USE PLANS 2023 - CWSRF | Page 8