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Disbursement Package for All Principal Forgiveness (APF) Projects

South Carolina Department of Environmental Services. Bureau of Water, State Revolving Fund
Abstract
Under the State Revolving Fund (SRF), there are disbursement policies, procedures, and requirements that apply to all loan recipients, some of which appear in the Loan Assistance Agreement between the Project Sponsor and the South Carolina Water Quality Revolving Fund Authority. It is the responsibility of the Project Sponsor to comply with the provisions of the Loan Assistance Agreement, which is a legally binding document. While the disbursement policies, procedures, and requirements govern the SRF program as a whole, some relate more to the responsibilities of the Department of Environmental Services (DES) and others involve the Rural Infrastructure Authority, Office of Local Government (RIA), which administers the financial functions of the SRF for the SC Water Quality Revolving Fund Authority. In general terms, DES reviews the technical aspects of the draw requests and RIA disburses the monies. Both entities ensure compliance with the Loan Assistance Agreement, as well as other disbursement provisions contained herein.
Issue Date
2024-07
Keywords
Water conservation projects--South Carolina, Grants-in-aid--South Carolina, Drinking water--South Carolina
Type
Document
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
Digitization Specifications
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