For a Capitalization Grant, Funded by the Infrastructure Investment and Jobs Act (Iija) (Pl 117-58), Which…

Description

Description:the Purpose of This Agreement Is for a Capitalization Grant, Funded by the Infrastructure Investment and Jobs Act (Iija) (Pl 117-58), Which Provides Funds for Michigan's Clean Water State Revolving Fund (Cwsrf) Program. Activities:the Activities Are to Provide Low Interest Financing to Numerous Subrecipients for Costs Associated with the Planning, Design, and Construction of Eligible Water Quality Improvement and Protection Projects.subrecipient:the Clean Water SRF Program Is Exempt from 2 CFR 200.332 Subrecipient Management Requirements for Sub-Awards as Provided in 2 CFR 1500. The Program Provides Assistance in the Form of Loans. Of This Grant Amount, MI Egle Will Fund $89,625,000.00 in Loans.outcomes:the Benefits of This Grant Will Be to Capitalize Michigan's Cwsrf. The Expected Outcomes Are to Establish and Manage an Effective Comprehensive Cwsrf Program and to Maintain a Self-Sustaining Revolving Fund to Improve and Protect Water Quality and Public Health for Citizens Throughout the State.