Miss. Code. tit. 33, pt. 5, Appendices, app 33-5-A Part 1B

Current through December 10, 2024
Appendix 33-5-A Part 1B - FFY-2014 End-of Year Funds Report for the Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2014

* Mississippi applied for the entire FFY-2014 Cap Grant (Cap Grant Funds must be matched within 24 months of award).

In FY-2013, approval was received to use $620,000 from the Drinking Water Emergency Loan fund; the proceeds above the initial $5 M deposited by the State into the fund may be used for similar purposes.

* $593,139 was used to match the remainder ($2,965,695) of the FFY-2012 Cap Grant.

* $26,861 was used to matched $134,305 of the remaining FFY-2013 Cap Grant; leaving a balance of $6,727,455 to be matched.

During the 2014 Regular Legislative Session, the State Legislature (House Bill No. 1495) authorized $1,000,000 in direct funding for the DWSRF program and the use of $2,000,000 in an existing MSDH account for the DWSRF program. Additionally, $180,000 was used from the Drinking Water Systems Emergency Loan Fund (DWSELF). The total of all the state match funds matched all outstanding EPA Grant funds; the remaining portion of the FFY-2013 Cap Grant ($6,727,455) and the total FFY-2014 Cap Grant ($9,159,000). The $3,180,000 of state funds was used as follows.

* $1,345,491 matched the remainder of the FFY-2013 Cap Grant amount ($6,727,455).

* $1,831,800 matched the FFY-2014 Capitalization Grant ($9,159,000).

* $2,709 from the Drinking Water Systems Emergency Loan Fund (DWSELF) will remain to be used as match for future Capitalization Grants.

During the 2015 Regular Legislative Session, the State Legislature (House Bill No. 1555) authorized $1,200,000 in direct funding for the DWSRF program; however, due to a shortfall in state funds the authorized $1,200,000 was reduced to $1,100,479.80. Using the revised legislated fund amount, the remainder ($2,709) of state match funds from FFY-2014 and $728,611.20 from the Drinking Water Systems Emergency Loan Fund (DWSELF), the entire required amount ($1,831,800) for the state match will be provided for the EPA FFY-2015 Cap Grant ($9,159,000). The $1,183,800 in state match funds will be used as follows.

* $1,831,800 will match the complete FFY-2015 Capitalization Grant ($9,159,000).

Miss. Code. tit. 33, pt. 5, Appendices, app 33-5-A Part 1B

Adopted 10/25/2015