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CWSRF

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AcronymDefinition
CWSRFClean Water Act State Revolving Fund


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Given the states' flexibility in determining how to spend CWSRF dollars, GAO was asked to examine (1) the extent to which states use their CWSRF dollars to support conventional wastewater treatment infrastructure versus other qualifying expenses, (2) the strategies states use to allocate their CWSRF dollars among qualifying expenses, and (3) the measures states use to ensure that their allocation strategies result in the most efficient and effective use of CWSRF dollars.
Other strengths include a cross-collateralization feature of the separate CWSRF and DWSRF programs, which allows reserves from one program to be available for use by the other, as well as conservative underwriting standards.
The SWRCB anticipates issuing additional CWSRF bonds in 2011.
 
 
 
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