96-27478. State Revolving Fund Funding Framework Policy and Guidance

[Federal Register Volume 61, Number 208 (Friday, October 25, 1996)]
[Notices]
[Page 55297]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27478]


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ENVIRONMENTAL PROTECTION AGENCY
[FRL-5641-1]


State Revolving Fund Funding Framework Policy and Guidance

AGENCY: Environmental Protection Agency.

ACTION: Notice of availability.

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SUMMARY: The Environmental Protection Agency is announcing the 
availability of the final State Revolving Fund (SRF) Funding Framework 
and Policy and Guidance document. In an innovative partnership 
approach, the Agency has engaged in a policy dialog with state 
representatives to clarify the use of SRF funds for ``non-traditional'' 
projects where the connection to water quality is less clear and, 
therefore, needs to be established. The resulting policy makes no 
regulatory changes and imposes minimal newrequirements on the states. 
The Framework document establishes voluntary guidelines for funding 
traditional SRF projects (where the primary purpose is water quality) 
and sets national policy for states wanting to make innovative uses of 
their SRFs to fund non-traditional projects. A state wanting to fund 
non-traditional projects must use an integrated priority setting 
system, such as the two described in the Framework, to establish for 
the public that these projects are a priority within the context of the 
state's water quality problems as a whole. This policy becomes 
effective when a state prepares its 1998 SRF Intended Use Plan.

FOR FURTHER INFORMATION CONTACT: Members of the public can obtain a 
copy of the SRF Funding Framework by calling [phone] and leaving 
a name and address. The document may be accessed electronically through 
the Internet at http://www.epa.gov/WhatsNew.html.

    Dated: October 18, 1996.
Robert Perciasepe,
Assistant Administrator for Water.
[FR Doc. 96-27478 Filed 10-24-96; 8:45 am]
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