33 Miss. Code. R. § 6-A - Reference Notes

Part 1A - FFY-2016 Beginning of the Year Anticipated Funds Report for the Mississippi Drinking Water Improvements Revolving Loan Fund (PWSIRLF) Program

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Part 2A - FFY-2015 End-of Year Funds Report for the Mississippi Drinking Water Improvements Revolving Loan Fund (PWSIRLF) Program

* Mississippi will apply for the entire FFY-2016 Cap Grant if State match funds are provided by the Legislature. Cap Grant funds must be matched within 24 months of award.

* Mississippi applied for the entire FFY-2015 Cap Grant (All Cap Grant Funds were awarded).

** The 2012 Regular Legislative Session did not provide any matching funds for the FFY-2012 Cap Grant ($9,341,000). During the 2013 Regular Legislative Session, the Legislature authorized $1,000,000 in general obligation bonds. Bonds were sold and the proceeds were deposited into the DWSRF Fund during the 1st Quarter of FFY-2014 (December 2013). No discount & issuance costs were charged against the bond amount.

* $380,448 was used to match the Set-asides ($1,902,240) of the FFY-2013 Cap Grant ($8,764,000).

* $619,552 (the remainder of the $1M bond) was used to match $3,097,760 of the FFY-2012 Cap Grant, leaving a balance of $2,965,695 of the FFY-2012 Cap Grant to be matched.

In FY-2013, approval was received to use $620,000 from the Drinking Water Emergency Loan fund; the proceeds above the initial $5 M deposited by the State into the fund may be used for similar purposes.

* $593,139 was used to match the remainder ($2,965,695) of the FFY-2012 Cap Grant.

* $26,861 was used to matched $134,305 of the remaining FFY-2013 Cap Grant; leaving a balance of $6,727,455 to be matched.

During the 2014 Regular Legislative Session, the State Legislature (House Bill No. 1495) authorized $1,000,000 in direct funding for the DWSRF program and the use of $2,000,000 in an existing MSDH account for the DWSRF program. Additionally, $180,000 was used from the Drinking Water Systems Emergency Loan Fund (DWSELF). The total of all the match funds matched all outstanding EPA Grant funds; the remaining portion of the FFY-2013 Cap Grant ($6,727,455) and the total FFY-2014 Cap Grant ($9,159,000). The $3,180,000 of state funds was used as follows.

* $1,345,491 matched the remainder of the FFY-2013 Cap Grant amount ($6,727,455).

* $1,831,800 matched the FFY-2014 Capitalization Grant ($9,159,000).

* $2,709 from the Drinking Water Systems Emergency Loan Fund (DWSELF) remained to be used as match for future Capitalization Grants.

During the 2015 Regular Legislative Session, the State Legislature (House Bill No. 1555) authorized $1,200,000 in direct funding for the DWSRF program; however, due to a shortfall in State funds the authorized $1,200,000 was reduced to $1,100,479.80. Using the revised fund amount, the remainder ($2,709) of State match funds from the Drinking Water Systems Emergency Loan Fund (DWSELF) for FFY-2014 and $728,611.20 from the DWSELF for FFY-2015, the required State match amount ($1,831,800) was provided for the FFY-2015 EPA Cap Grant ($9,159,000). EPA reduced the amount of the FFY-2015 Federal Cap Grant to $9,099,000 at award to comply with Federal debt reduction requirements so a State match of only $1,819,800 was needed; $12,000 remains of the DWSELF funds to be used for future State matches.

It is anticipated that the State Legislature will continue to provide a direct appropriation for the State's 20% match portion of the FFY-2016 EPA Capitalization Grant. If this happens, the amount of State match needed would be $1,819,800 for a Grant amount of $9,099,000.

Notes

33 Miss. Code. R. § 6-A

Adopted 2/14/2016