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State Revolving Fund (SRF)


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Guidance for SRF Applicants
FY 2014 Project Solicitation Notice
TVA Energy Efficiency Grant/Loan Program

The Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund (DWSRF) are low interest loan programs intended to finance public infrastructure improvements in Alabama. The programs are funded with a blend of state and federal capitalization funds. ADEM administers the CWSRF and DWSRF, performs the required technical/environmental reviews of projects, and disburses funds to recipients.

Benefits of an SRF Loan:
  • The SRF offers a loan interest rate substantially lower than the prevailing municipal bond rate available to "AAA" rated municipalities;
  • The interest rate is fixed with a 20-year payback (extended term may be available);
  • Loan repayment does not begin until construction completion date (capitalized interest accrues);
  • The loan recipient is not required to pay any ongoing trustee expenses or rebate expenses normally associated with a local bond issue.
Projects Eligible for Funding

Projects that strengthen compliance with Federal and State regulations and/or enhance protection of public health are eligible for consideration to receive an SRF loan. If a project qualifies, the engineering, inspection, and construction costs are eligible for reimbursement. Among the projects which qualify for funding are:
  • Publicly owned water or wastewater treatment works;
  • Sewer rehabilitation;
  • Interceptors, collectors, and pumping stations;
  • Decentralized wastewater treament;
  • Drinking water storage facilities;
  • New/rehabilitated water source wells;
  • Water transmission/distribution mains.
  • Consolidation/water system interconnection;
  • Water conservation and reuse projects;
  • Green infrastructure;
  • Streambank restoration;
  • Green roofs;
  • Permeable pavements;
  • Rain gardens and biofiltration products;
  • Brownfield remediation; and
  • Watershed and estuary protection projects.
Drinking water projects that are primarily intended to serve future growth are not eligible.

Entities Eligible for an SRF Loan

Any public body, including counties, state agencies, incorporated cities and towns, boards, and authorities, may apply for SRF financing. An ability to repay must be substantiated along with meeting other specified standards.

How To Apply


The first step towards receiving SRF assistance is to submit a preapplication form in order to be listed on the Department's Project Priority List (PPL). The PPL is a component of the SRF Intended Use Plan, which is updated up to 4 times per year. Once the project is listed in the fundable portion of the PPL, and a full application has been received, the Department will process the application and begin preparing loan documents. The process from preapplication to closed loan typically takes 6 months, depending on availability of funds, project readiness to proceed, and comple application. For more information, see Guidance for SRF Applicants.

Pre-FY 2009 SRF Supplemental General Conditions
2010 SRF Supplemental General Conditions
2011 SRF Supplemental General Conditions
2012 SRF Supplemental General Conditions
2013 SRF Supplemental General Conditions (Non AIS)
2013-2014 SRF Supplemental General Conditions (With AIS)

CWSRF A/E Procurement Requirements (effective 9/30/14)

Revolving Loan Fund Reports

2014 DWSRF Intended Use Plan
2014 CWSRF Intended Use Plan

DWSRF Financial Audits
2013
2012

CWSRF Financial Audits
2013
2012

SRF Brochure
This brochure provides general information regarding the CWSRF and DWSRF programs in Alabama.

Contact Information

ADEM
Attn: SRF Section
Post Office Box 301463
Montgomery, Alabama 36130-1463
(334) 271-7913
jwd@adem.state.al.us