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Clean Water State Revolving Fund 2008 Annual Report: Summary
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2008 Annual Report (PDF) |
Congress created the Environmental Protection Agency's Clean Water State Revolving Fund (CWSRF) program in 1987 to serve as a long-term funding source for projects that clean and protect the nation's waters. The CWSRF funds a broad range of projects-from wastewater systems and nonpoint source pollution control to estuary management and a range of projects focusing on water quality.
With over $70 billion in funds available for assistance to both large and small communities, it is the largest federal funding program for wastewater infrastructure projects across the country.
Twenty one years of integrity and performance have proven the CWSRF's reputation as an efficient, innovative federal-state program. The 2008 Annual Report on the CWSRF provides an overview of the CWSRF's financial performance while highlighting some of the program activities and successes through the past 21 years.
Report highlights:
- Operating in all 50 states and in Puerto Rico, the CWSRF program has provided nearly $69 billion in assistance since its inception by issuing 22,700 low interest loans. In 2008 alone, the CWSRF funded $5.8 billion in high priority projects.
- Since the CWSRF benefits reporting system debuted in 2005, states have linked $19.8 billion in CWSRF assistance to Clean Water Act goals. Over 115 million people have been served by projects that aim to preserve water quality for aquatic life, provide for water recreation, and protect drinking water sources.
- EPA is actively exploring and promoting strategic management to enhance the ability of the CWSRF to meet current and future water quality needs. These efforts include revising the draft white paper, "The Clean Water State Revolving Fund: Tapping its Untapped Potential", by incorporating comments from stakeholders and supporting states as they use data from the CWSRF Benefits Reporting (CBR) system to develop planning and outreach tools.
- The CWSRF plays an important role in supporting local economies. It is estimated that between 1987 and 2005, approximately 600,000 construction jobs and 116,000 additional jobs resulted from CWSRF funding.
- This year, EPA recognized 34 outstanding borrowers with the 4th Annual PISCES Awards (Performance and Innovation in the SRF Creating Environmental Success) for program innovations that advanced EPA goals of performance and water quality protection through the use of the CWSRF.