Rule Coordinator: Lee Ann Lawrence, 503-229-5622
On Nov. 3, 2017, the Environmental Quality Commission adopted amendments to some of the rules governing the Clean Water State Revolving Fund. The changes clarify language, expand opportunities for communities to benefit from the fund and ensure that the program will continue in perpetuity.
Specifically, the following changes were made to OAR 340, division 54:
- Amend Oregon’s Clean Water State Revolving Fund rules to align with amendments to federal law that:
- Expand eligible land purchase costs for treatment works construction projects
- Define eligible recipients for additional subsidization
- Incorporate federal regulation requirements for procuring architectural and engineering contracts.
- Amend rules to ensure the fund’s perpetuity through fiscal and programmatic effectiveness by:
- Increasing the extension period for applicants to remain on the program’s Intended Use Plan
- Establishing criteria for refinancing and restructuring loans
- Extending the timeframe for a borrower to request its first loan disbursement
Requiring a 30-day prepayment notification from borrowers that intend to prepay a loan
- Offering eligible borrowers an alternate subsidy that is equivalent to principal forgiveness
- Creating a principal forgiveness calculation for eligible green projects based on the cost of the green project components
- Clarifying and simplifying rule language to comply with plain language requirements
- Remove bond purchase language that expired Feb. 1, 2016.
The proposed updates were first reviewed by the Clean Water State Revolving Fund Advisory Committee. The committee was formed in 2011 to addresses program issues and provides input to DEQ for rulemaking. Committee members represent organizations with an interest in public water quality financing and water quality improvement projects. They represent local governments, water districts, wastewater treatment facilities, environmental advocacy, the energy and sustainability and financial sectors, federal and state agencies, public utilities, and local conservation districts.Sign up for email updates on the rulemaking via GovDelivery