The objective Jof the:,~outh :Qako1a -Stat~ Wa~er Pollut_i~ ControJ l?ev~lving~ LLoay Fund is to capitalize the' ~Jate Revolving-Fund-(SRF) to the fullest;--: -maintain, rest~re and enhance the f~emical, p_!iysicafand / biologi~al integrity -- /of ~he State's WBters _for thtr benefit of the overall environment; protect/ public-
,health; _an.d promote _the econm}!_ic .well-being of the ·citizens of'the-State _of South Dakota. / - -- -
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·' - State R,evolving-Fun~, Loan Portfolio·
State Revolving F;und Progr~ History ,/ '\ -.. ) " / J
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ANNUAL REPORT '---~
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Introduction \ . . . . . . . ! . . --· . . ,;
~::::...._, ~-Exeet1tive-summary \ . -· ~
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Goals and Acco~plisllments • :. ;
Details· of \Accomplishments_.-. . . • . -"• .. '---....._' ' I ) ,-r
:manholes~with a $253,000 }oan.-, Portions of the sew~r----Ihle§ __ were built in areas that- will have future development. , The - 1. term of the--loan is for 20 years at 3%. , -;-___ ~ - _:,
" -- Canton., The loan !s_for a ·15'yeai temi at~ inte __ r~st rate of 4%. > \_
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Chamberfainreceived two loans that total $61-5,500. The loans were/' used t<) rehabilitate sanitary sewe~ lines' and construct~ -,.__ , , - " -, - -v ' -- -storm sewer lines under two major streets in the Criy. The term 'of both ,loans is 3~cfor 10 years __ .~ --':'. - ~- _t' I
The~City of Cleai: Lake used a $79,537, 4%, 15 year loan to, _' _ construe! a new wastewater treatment facility._ Th~rfacility consistedof the construction-of two new wastewater treatment stabil~tipn-ponds ~d the cou'versionrof the existing pondJnto an artificial wetland. ,-- · -- , f - -, · r,
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!CUSTER- - ')
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The City o(Custe~ received_ three SRF ldans totalling $843,000. )The, first • loan of $430,000 finan£ed the , construction of a
\ fqrcemain _to V conyey "tre~ted eliluent' from~ the' Custer . ,-\. J wastewater treatment · facility to the Custer -municipal golf
course; a, . storage reservoir at. the golf course to store - the V .effluent; and frrigation facilities at the golf course to utilize/the
effluent~The seconcl loan o(.$182,000 partially financed sewer impmvements ·:which ,_included collection _lines·· and an interceptor line 'extension -Oll\the _west edge of the city limits.
. . The first and second-loansweJe for 20-years at an interest rate . of 3%. 1 The .third loan of $276,000 'will; partia!ly. finance the
r expansion of _the -existing __ wastewater treatment facility. Construction i~ complet~. Ttie J City is in tlle 'process of closing
· out the loari. The third loan is for ~ 10year te~ at an interest rate o( 3%.~. The. original':loan of) $231,000 .was:Jncreased by · $45,000 'to· account for cost-over-runs. - ·"·
DeadwQod received an SRF loan in the"· amount of $582,00ff ' • ~ta rate of 5% for 20 years. The loan is being used to slip lin~
~ , /DELL RAPIDS'.-> · .. (1994) -~< '- ~· -·')-
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.approximately 2,'700 feet of 24 inch diameter sewer interceptor , line. - /._ ·s: ·< '
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The £ity ·. of Dell ··Rapids constructed' sanitary and · storm sewers with a $300,QOO loan:· The;new lines_replaced existing
'" undersized sewers:;"ip conjunction. with a· street rehabilitation project. -Toe term,of the)oan i~ 10ccyears at 3%.'- ~::, · -
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._ '-The City of ElliPoint 'replaced two existing lift stations with a ·, new liff s~a_tjon~ f prcemain · and interceptor lines. The City h~ ·
, . a $458,000 loan with a term <of 4% for 15 years~ · .. . ·- ~- - / ' ...,-:__'., - . '\.
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· The City of Fprt :Pierre , will' 'use -a $330;294 · SRF loan fo ( , ( -- I } , ~ "'
construct a,new ·sanitary -s~wer ·and two_storm Sewers. The . s3¢tarysewer will serve a ~esid~mtial area thar::was previously · not connectecl to the City's system: The t~rm of the loan is 3%
The City_of Garretson "wil( coll§fruct new wastewater treatment -stabilization ponds to make the _existiilg-sahiiary system _total
- 1_ ,- __ retention. The. City will also make ii:µprovenients· t9 the existing :_~astewater facility-using the $510,0QP, 4%, 1~ year loan:/ --. \
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The City of._Groton received two SRF loans of $192,000 and_ $106,000 to build-ne\Y interceptor lines, forcemains/~d lift stations. The;_new sanitary· systems will be co11Structed · in the east _and northwest sections of the -City. The term of the loans
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- The City of'Ho} SP,pngs ~received two1oans-totaling ll,1~6,930. The 'first loan· of $196;930 is 'being used" ~o,JconstrucLnew sanitary sewer~ in an-area ofthe ~ity piat previously hadfaili)jg ~ septic systems. This loap is at 3% interest and a 10 year t~rin. _ The second lomfor $930,000 is for-closing the existing landfill-1 site and constructing a transfer staticm and muni~ip~ solid
'.-waste comppsting facility: This loan is for 5% ·and a 20 year ~ -- ' --- - ' ~
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--The City of Huron received Jwo SRF I~-~. The- firsf loan was.-·~-- used to __ partially -fun,!! -improvemeJ!tS -a( the ·mechanical ,
'----:-_:~ term SRF· loan for $330,QOO. The loan was use~ to refinance a - -- /_./
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~ Farmers Home Administrationloan, which partially fµncle'd the < - - installation of a wastewater collection and treatment "system to· -
serve Lake~Madison. --- · ~· -~· . ,/
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'° The-City-of Lead.received-three SRF loans which have been .· / 'used for th,e separation of combined sanitary and storm sewers -
along \vith1 the reha~ilitation of portiori(_of the sanitary sewer system. The first loan;was for $186,409 ata rate of 3% for 20 ~ears.' The secoiitl arid third lo~-totalled $876,068, ($500,77CJ ·
· and $375,298_respectively) at a rate of 3%.for 10 years. All -three projects have been completed; .
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LEAI>-DEAJ?WOOD - ' - I C - \
SANI'f .A)3.Y' DISTRICT - A sludg~ disp<>_sal vehicle~and a· sewer jet were1 purcp.as~d by the --
y "Lead-Deadwc5od Sanitary District witfrthis loan. The loan was
\ LEMMON:-
... MADISON-
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· for $106,855 at a rate~of ~% for 5 ·years. . , ~ ~ -"). ,- '- - '--.
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.:The City of Lemmon received a $427,100 loan at a rate of3% ·~ / foi'.)20 ye~rs to reffii~ce,a general obligatiQn sewer'bo_pd issued
~ J in 1985,. The bonds wereissued,to correct an infiltration/inflow .. ,- problem,-- - . ·. . ' . ' ' ' \ \ \, '
' ~onstniction .. of new' collectors. The lpan w~ issued for~
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$119,416iat 3% for 10 years. . > - ~
McCOOK LAKE--· ._) _ SANITARY DISTRICT .,- 1Jie.Sanit311Y District-received an SRF loan in the amount ~f
, , , · $641,935 · tQ_ _partially fund the upgrade mid expansion· of )he ·--· . wastewater tre_atment facility. The loan ratei.s 5% for 20 years.
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) ~OBRIDGE - / ~ '{
~ The City of Mobridge received two SRF loans to partially fund , . . . -the upgrade and expansion of, the wastewater treatment facility. ~ The _~rst loan,-totalled s1:soo,ooo a!~ rate ?f 3% for 20 y~ars ..
·The second loan totalled $158,000·at a0 rate of 4% for 15 years. > , ' '----> ..._"') -. \.__"'-
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SANITARY DISTRICT- ,Toe Northdale Sanitary District "QSed a-$~15,000, 5%, 20 year ~ · (1994) . "'-loan to constnict a n~wgravity se'Yer;Jift station andiorcemain. _
., . r The new system·will connect tfie sanitary .district' to the City of· r ~ ·Rapid Citytwastewater system. V \ • - '• -
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NORTH Siou){crry -- North Sioiix City received. an,SRF loan in the amount of \ .. · ~' . , ·. .··· :$239:650 at a rate~ Qf3%·.for -10 years. The loan was used to
/- \ ,· . construct storm sewer . and drainage improvements m the . . ) '. .
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, The City of Pierre used an SRl•Joan'to'coinpletely finance the_ . · ~. construction of an faterceptor '-line near .the airport and tlicf ;; . ·addition of comminutors at the treatment plant.. ·Toe airport · --c- interceptor re-routed. wastewater going to an 'unpermitted
' 1 lagoon near the airport ~to the main sewer system. jiie loan
facilitiesat the treatment plant. ]'he loan was for ~43:3:,976 at 4% for 15 years. - , _ ~ • J 1 . /
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Pollockreceived an SRF loan in'the amount of$170,000 at a ( ' ~ - / ._, :,- .. -
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' . rate of 3% for 10--years. The loan was used to cover costs--" __ which exceeded the available ,EPA grant. funding utilized. to . _/ , - ·upgrade Pollock,'s wastewater treatment facility. _ -· , /' '
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-. )fapid City:has r.e~eived four ~RF lo~ which have ,been used:, . _ --fqr ~onstruction activities at the wastewater treathie~,-f facility; ~ ~ rehabilitation_-arid . extensi~n of the , sanitary sewer system, :construction of] stormwaier faciliti~s and- - mitigation .of
· approximately fopi acres_ of wetlcl!lds at the .City's Matetjal Recovery Facilityc(MRF) . ../ All-construction ·under the first and ~econd lo~ .. has been completed, with the loans . tol~ling
.$3,618,!05. Copstruction'activities ar_e ongoing under thethird loa~with the SRf)oan obligation tot~g- $777,500. Th~
.__, fourth l?an for the l\1Rf''tota.ls $1,714,861.~9. All-~apid-City loans are at a rat~ of 4% for 15 years. _ , ~ . ~
/ RAPID VALLEY. -SANITARY-DISTRICT -
---.. _r, The Rapid _y alley Sanitary District received a $61 ~00- SRF __ _
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lofil! at. a rate of .:3%' for-:20'years. The. loan w~ used 'for. . rehabilitation arid e~ension of the existing sanitary sewer
y- ) . /- -system. Tbe--project has been completed.-- / ' ' _J\__ I ,_/ ' ' - \
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_SIOUX FALLS -- '--- -~The City Of Sioux .Falls;has .received ten SRF.Joans tofalling . (1994). > $16,240,962.- Sioux Falls has used the Joans· on a variety of
" · . -die _purchase of sludge handlinifequiRnient, Infiltration/inflow
SPEARFISH-'
-:- ' _j correction, :: stormwateL drainage 'c__'_. improvements, · / '·flow equalization· _basin COJ!StructionJ, @d 1 sludg~; handling improye_ments. All loans are at 2% interesi. \ ( ~-
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-, Th~ City of Spearfish received a $1,956,000 SRF lo~n tci~fund ~ the expansion of the wastewater treatment facility. The loan"
.. rate ist4%, for 15 years: Construction has been completed.: '.__ ·. -~ . ' ''-'
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(' ··,"- ' \ . /" The City 9f Sturgis ~as re,cei~ed two·loans totalling $1,438,250 .
· 'JJie firs(loan for $502,000 is financing the co115truction of three sewer_ iri!erc~ptor "~e~ and one sewe: _; collection line.
r c Constructmn 1s ongomg. Th~ se~ond Joan I§ for $936,250 and -is financing, th(? upgrade of the Sturgi~ wastewater t~atme:nt
/ fl facility,:-·- Major aspefts of the·upgrade:are installation of an aeration system an,d"fucr_easing storage capacity of the second
,::and third ponds. Co_nstruction·on this projec~is underway. Both 'ld~ns._are at· an ititerest rate1 of 5% for 20 yea~s. _
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The Cicy 6fT~ap~ received two .SRF loans for the-construction -_ of a stoin1sewer system .. _Constiuctio:q_is'underway~ 'J'he loans , Jlfe $600,0q_o.each Ior a totaldebtsof $1,200,000: Both 1oans are . at an· interest rate· of 4% for 15 years. ,.. · · _ .
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,(1994) ' --Vermillion h~ 1ecei~d · nto loans totali~g $625,000.; The first loan .Jqr $125,000 was to reconstruct a sanitary y sewer
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-~ . interceptor which was in rieed of replacement. The second loan for $500,000 · is for construction of approximately ,6,200 feet pf
.. ~torm sewer- pipe and _j associated . appm:tenanc~? fu .. three ·- separate areas ofVermillion~ The first loan rate was 3%.for 20
}'ears with the second '.loan at 4% for 15 ye~_!§~\ __ - ~ . C , ' , '
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" - The City ·of Watertown, has received two/ SRF · loans for· the i.- •
. upgrade and ~xpapsion, of the City's wastewater-_ treatmenC • facility. Th~ first-· loan ~for $2,000,000 and has been entirely ' utilized. Thesecond loan obligation totals. $4,000,000. Both
.____ loans·:are at a-raie~of4%- for;15 years. ~- '---
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The Cify: of Waubay recei~ed an SRF lo'an 1
of $81,454 to' . } construct :a1 wast~water I collection system withfu the-city limits----· -on the south shore of Blue Dog Lake.,- This area was previously, ' -
-.··· servecl by..._septic' tanks. The loan was for 20 years at 5% and' .- i has been.Jully repai.9. ' ') . /
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· STATE WATER PObLUTION, CONTROL • ' I
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,r · REVOLVIN(fLOA:N FUND\:,: i 1 "'\ f ,J -.... , , ' •• ' ~7 \
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PRQGRA.M IDSTORY . \ ' i-( I'\,,''
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INITIATION·OF THE PROGRAM j \
,,5The .State Water Pollution CorltroLRevol~g l.oan~Fund (SRF)'is· a Jow\nterestJoan • ·'Program~ that '~as :qJ~ted by the 1J87 Glean· Water ,Act Amendments. to finance'- ~e ·
construction ofw~tewatef treatrilentJacilities, storm sewers, and ncmpointsource pollution ') . controrprojeC!S. FuI!ds are provided to the states ·in .the form·.J>f capitalization grants .1
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· · awarded annually by the US EPA whiclrmust then be matchecl by state matching funds at . · ::::.... a ratio o( 5/6:1/6. · ) , -j • • " , • -. , .~ ) • • ,
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The Department of Environment- and NaturalResources introduce·d legislation to the Soutif I -~Qakota:Legislature fo~, the1 State :Water Pollution ControtRevolving Loan Funq.(SRF) in -
r, . .:;1988. 1TheJ988 South· Dakota Legislature authorized··the Program.'with··a ·grant ·in the ./amount of '$1,200,000 \o initiate the fund and 'directed, the· South\1 DakotaConservancy
District C ( Conservancy Disjrict) to Jlclmini§ter the Program. ( ' ' ' ~ . . /
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CAPITALIZATION GRANTS ' . -·, :..>
-·/ - / / 'I,_./""-" -- ' ___ '~/-, " \ r_/-~ -~-\ ----, ,' _-"{ Since -1988,'the Conservancy ~istricf has rece!ved ,the full amount gf· each of its 'sb( capitalization grants totaling ~$44,169,700: In order~to receive each. of1 the 'fapitalization grants, the <:;onserv,apcyDi~trict must have1state·rhatching ftmds inyla~e ~gtial to at.leas!
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20% of each grant. To meet, this· requirement the Conservancy District has $10,220,000 in .. revenue bqnd_s outstanding to provide·for the reql.!.ired $.8i833,940 stat~, matching funds. . z .;:
,,- .- . _ Ii:i , 1989,.}?,:785,0QO in revenue bonds:we,re: issued _'With ~) AAA rating. from Standard & . · .__ · . Poor's Ratings, Cofporation (S & P). This bond issue w~ insure'tbby Capital'. Guaranty .
. . ~nsur~ce Company, thus the AAAtating.-Toere are/36 loans.under this program. ' J!_ / • I / • - .--- ' ' ~ - , -
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. In 1992, the District issued $~;180,000 in revenue bonds witha BBB rating byS & P withouf ':c.. '
1 ~- • /b.~ing:insur~d. Ho:»1ever, an annual report of cash flow 'projections -was required to be , ..... ~ submitted, ana approximately 70%.oflh;SRF loan portfolio was·r~quired to be rated BBB
u .. ~ c,01;b~1ter by)be rating ag~ncy: -~ere\rre-18 lo~ under this program .. :.:· '. .; / ' •(' • ,. ' ,. . • ) - • -· > 'C • , / ' r~ < j V .) / • ' , . ·-::~ • /
In /19J4,;$10,220,000 in rev~nue bon<ls were issued as ~.advanced refundfng·of the two ~-/ ~ ·- ... priqr p11tstanding issues pl,us 3:dditional matching funds. The) progr~ raised its rating to
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· an A.· ·Moody's Invest~rs_Service was the rating agency for this issue. No bond.insurance /W.3-S pbtaine9, µo casfiflow, report W~}~(lUi~ed, and-no loan applicants mu~t bejate~~-The ~ 'r-:: \
. ' advanct!, refilndi~g prmjded considerable cost savings by::::secu~ng. a lower jnter~st, rate; decreasing-the administration· of -the program, and deleting numerous -acc9unts. "Escrows ,., ··
. .r <-. .-- . "\ - . ..... , . . . . . -· . ·.·· · were purchased to.defease the· 1989 and 1992 Series bonds .. A total_ of,1' loans have b_een . - \
Tbe· First )National, BankJn Sioux1Falls hc1s beentheTrustee since the onset of the program · in 1989.~-'-The Trust~e manages and invests all funds and accounts for the SRF Program,
incluaing the 1989 and 1992 Series' escrows; issues amortization· schedules; disburses loan '- . -, . ·1 ·./ - '
funds;.- and accepts all ,repayment~ from e~ch of the Program~s 65· loans. ' \ · ' . i ! ,
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-Altheimer & Gray was hired as,boJ?.d counsel for, the Series 1994A State· Revolving' Fund< -Revenue Bonds. \ •, I • • ' • ~ ~ I - ' ·, ' /
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( ,' -~---<...-:._ :-' ' ~-,.; '-\'\I,• • -- { --..._, ·" Piper Jaffray was-hired' as underwriter for the Series 1994AStateRevolving Fund Rey~nue
Region VIII of the Environmental Protection Agency oversees the South Dakota State Revolving Fjmd. ~rogtam.. EPA assists. the State . ip securing Capitalizatidn Grants and · -guides the'.C~nservancy District ,in' its administration of the program. ) ' . . y / ~- )_,. . --. ' .
.~ -- , ~-)The S~at~ of So~th Da~ota h~re~tb~ub;trits ~ual R;poh1fo; F~deral Fis;al Year-:1~4/ ~. '-• J , "' (Optober .. l, 1993 tlp-ouglj September 30,-1.994): This report desciibes 1how South Dakota
l has mefthe goals and objectives of t]l(rState·Revolvfug Fund Loan, Program' as' identified · · ·-~· .J . , • in~the 1994 Intended ,l.Jse- Plan," the.actual use·-of funds, anl the financial· pdsitiorr of the ',
_, ~ -· S01.~th Dakota's SRF Prqgram received a federal appropriation of $5,813,800 in Federal - . Fiscat.Ye11r 199.( These fundswere matched by $1,162,76_0 iti)statejssued revenu:e~bonds.
: ~ Sixteen communities .. el}!eied into bil!ding c°'Jlll!litnients with the Copservancy District . •. . \ -1.tQtalling $10,561,40539 in loans for the c<>nstruction of.wastewater treatment arid !10npo1ntr -· ,
"' sour~e/groundwater prote~tion prrijects>A bre~down of the binding c~µumtments is shown: .. - -~ ;:-r, in Exhibit-L .J _. · , _ · .• _ - 1 _ • ·> , 1
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0 l.oan di5.butsements fromLhe program to the various recipients totalled $8,198;129.29. Fpr .·, · " '- r -· . , -- -~ , , , , ,..,. -~ . - . -
·"administration of-the program, $256,668.05 was.expended.· See Exhibit V for a.breakdown'_,· of all ~cash cfraw~and the 1pr9jects and. admipistration. assist~ce ·f6r which ,they ;vere 'made:
The ~tate su!tmitted aHandbook· of Proc~dur~s. to the Environmental ·Protectiqn. Agency · ~ .. in~or:der to .. rund SQliP;~~te/groundwater protection=~ctivities throl.lgh 1ht State Revolving I_
- -'-- · _ "J:und .· PJogram. South-= Dakota was th~ first, and_ is;f presently/ one · of :1only ;four . states IL/"~--. ·.· -;,,_ :nationwide; to 'utP,iie ,the fund in.this manner. --)'I1iisJlinnova.tive us~ 'of the Progr~m has . -
.. ::::on-the communitie& in S6uth·I5akot~; .1Under the provisions of the Act; communitiesj~efo) ,_ \ · _, ,.__ - /' forced}o_ close their e,ds_ting )andfi,lls or face- monitoring and liability considerations in · , 'eo.2
..__ perpetuitt. Many sy~_tems opted to establish ~~gional l~n_dfills which~the State Rev~lving --, F.und~can npw finance. -~- · .., · . , _ , ~ ~ · 1
, "Innovations'-Aw~d P1ogr~. iThe Departiv-en~ _i;ceived this aw~!'d for usingthe State J < , \ Revolving Fund Program as an' innovative means ,to fund this presently unfunded, federal-, ,
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- ~anda'.te: .As of 1Septem~er 30; 1994, Sputh 'Dakota !t~, funded the construction of a
Materials,Recpyery facility and a landfill-satisfy!ng:--all subtitle D requirements. Tbis\vas 'not tlie first time the-Stat~ ha,§ recogrmed solid waste handling facilities. as potential sources
J . Management Plan mcludedprovts10ns for latrdfills on its list of pote~tial pollutant sources ,~,· to -be~ d1nsideied when deyelopiilg ~ate(~quality monitoring~plans. This IDf'Ilagement
<; strategy never received full implementation funding. Again, iil 1988, the South Dakota· , , , __ _. ..._ _- • _ _ , . , . . _, - , I _ I· l '-......
Section 3 J9 Nonpo4'-t Source Management P,.rograni r~ recognized land-disposal of was!e ;,; ' as a source' of.water'pollution. This aefi_hltion for'land disposal included-landfills as Oije.of
, L , y . "\ : ', - \ "----·_ -- ./ . .' -' )
- the cont~buting forces in wate:r:pollution. -1n Octo~er, 1993, South Dakota amended (the r
. 319_-1'l bnppint ~6urc~Managment Plan to' include landflµg)~dsolict ~asteJ,~dling facilities . ,, within the d~scriptions of potential pollutan_! so1:1rces. This>ainendment went further and , -
, provide,d a lis_J of pz:iority·landfill projects identified~by ilie,State:-ProjecJs wis__,hing to refeive :- ~. fundiiig"from tlte S~frogrammust ~Y inclu,dedori-the Nonpoint S0ur9e l'v!anagement Plan
/list to be eligible for loan-consideration. \ -" . j- ' .
-i- ; , A_ Short Temi Goals;_and IA.ccom12Iishments · - -·" \ ' ··:' f'' ---' ' ~ ./ { ' i :/, ...._-._ ' , ' V ·" - --, _/ --. f I ,. '
- ~In its-19?4 Intended :Use Plan,·tli~'State ·of ~outh Dakota identified on,e short term g~al to· - \._ be 1implementedand three objectiyesto.oe accomplished. The-State has made significant
-'Each SRF application is .assigt1ed~ to one. engineer and is followed thr~ugh by that ,--- · ·" ,;o
'":engineer I 1i!ttil project _completion "and J initiation· of. operations. -Plans ,and L specifications -and. facilities plans ._are reviewed and ~approvect by the -Department of
_ , __ . ·-.) _/ ~--./ Environme~t and Natural Resources, a11.d pre-construction, initial, inteiilll, "and final-~-- --' · -constructiQn inspections are conducted t0Je~1.1re each project'sJechnical integrity.~-
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' • -- '- ' • - , -- I ' - ,_ ••
· , _O~qrIVE:- Ensure :~~mplian~ewith all pertinentfederaj/ state, and local w~ter pollµtfon _- _control law~ and;egulatmns. . . _ , _ . , -s - . _
. ' C ' -. ~ I - ' '-·- y-- -- -- ~- - - ,:_ - ' I -- ,,- ' I - -=:, I - ,~ -- )_ - ) /
'The-state wor~ with allfederal, state, andiocal agencies to ensure compliance. ) ',/ / i - , ' ( ' . \ -- ',\ -~ .
' {I~ - -· -5 - ,.., . - ~_,
·OBJECTIVE:_ Obtain maximum capitalization of the funds for the state in the_shortest time ~ _ possibl(?. . -· ·- > -.l __ " - 1 ~ '-· -- / - -, -· ~- • / - - -- ' -
); - -...,,_, ~,
-Th·e .State-~pplied for its capitajization grants as soon as the awarq~ were ~ounced,, -:and State;matching.lunds were in_place prior to .. receiving·the·grants> Loa~ a{e
, awarde~ on a first co~e,, first serve basis and are usually a~arded within four to six . w~ks _after lreceiving·~the -application. 1 South .Dakota has not --reverted any
- capitalization grant funds-due-to the eight quarter time limit. Funds are usually awarded 'Yithin oneyear of receiving each capitalization gralit. ~- - :'.__
-~ · B .. Long Term Goals and Accomplishments· ; -' ,..J /}) \ ::_A·
In its 1994 In_tended 'lJse; Plan, the State of South Dakota' indentified ~two long term goals and·two9_bjectives to-be acomplisheq.' - . , . . · _ . · .- _ --- ' ./:- ·-.·· ( .
GO~:· T9 ~fiy:capitalize the ~RF. .) //
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-The_State has r;~eiv~d a~d expended ;ach capitaliz~tion ~ant in tb,e requiied time period and has had state matcp monies available.for each capitalization grant. The·_~\ State has" awar_ged ,all. but $361,708 of~its :entire gapftalizaJion graµt 'awards and · , _ assgciated state matchipg funds .as of September 30, 1994. · ·-_ _ · · . . ) -- \
\__ '--. ~ ',. ' - ' ....____ _j ' V '
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. GOhl:~Maintailj~ resto~ and enliance the chemical, physical and biologic;I'integrity ofthe \--:. State's waters for tne .benefit of the overailenvironment: Q1.e' protection_ of public hecltli, a!}d
OBJECTIVE: Maintain a'permanent, self-stistaining SRE program. that wiltserve-inperpetuity as a financing~source fonvastewatertreatment works projects and water pollutfon
II1ade to financially soundand responsible borrmv~rs, the -SRF/program will se:rye iri perp~tuity, for South-Dakota's \\-'astew~ter and
~nonpoint source projects. I - - ) '-:. • ) ,, .
(_ ( ' \ .,/ : '-. / ~ / ,,./ . r' - - - /
OBJECTIVE: Fulfill the requirements of pertinent federal/ state, and local laws and c:: ~regu!atio~ governing wat~r polh.rtion co4trol activities, while providing the State and local -
pro}~ct sponsors with maximum flexibility and decision making authority regarding such / -· • .,, _ _,,- - , , /) / 1-
r act1V1t1es. ./ ---
The State has tailored its Ha~dbooks of Procedures to be customer service oriented -1 , and user-- frien_dly for State Revolving F~d __ Lo~ Program recipien~s
1• The
.Handbooks also allow for 'maximumfrogram flexibility while contjnuil).g to maintain s~,9ent State over~i~_!_on the Program~s activities. ·
l ·, -- ~ /
N. QETAILS OF ACCOMPLISHMENTS , \
A.~ Ftind Financial· Status / r
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.-: .,..., 1. - Binding Commitments - /
, I --,,
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In order to .0p,~ovide &ancial as~stance for Section 212 (wastewater and . stormwater) and nonpoirit source_,projects; th~ State entered into 16 binding 'commi~Illents/~~talling s,o,561,405~39 for Federal FiscafYear~I994. Exhibit
__ I lists !he recipients of _these SRF loans . ., All 16 loans met th_e equiyalency · requirements (Title II Clean Water ·Act"requiremenis)_ that ~pply-to funds
- - 1 __ • _::, • \ '-1
• , , v
- __ directly made available by;th,e Capitalizatfo:n_~_Grant. , . , _ · \ .. \ - (,'"°7J - :.;,
During 1994, the State:was awardeq_ a $5,813,800 federal capitalization grant that,was matched-by $1,f62,760 in State furids:-- Exhibit·n shows ,the annual .. allocation and source of SRF:funds .. _ :_ .- "' · · / -l _. - · · "
the speci~ reserve, account, and administd1tive rxpense surcharge .paynients. received from _ each borrower: T}ies; earnings}otal,ed $1,345,00Q. Fu!}d:expenses include~:iadministration
. expenditures, interest payable on bonds, and the amortization of each.boncl issuance's costs. These totalled $931,00o:- The.Statement of Income·. arid/Retained_ Earnings is shown in Exhibit XIJ. . - / . . ~ ;\_ . ( . . ,/. / -. - ,..\ '--j • \- -..: I ' C - •
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4 .. Disbursements arid Guarantees
" . , "·. There were no loan guarantees during Fed~ral Fiscal-Year 1994 .. l "\
-...___.,- -/- .- ---=--- , -~_....,. ~~-, ---~) ~. ! ,_ r ( l
r_5_ Findings of tll~ 1993.Audit - c ' ' _____.1'' ----- ' , ( ~ - '-,_ )'-
•/ (
. v _ . The SRF P;rograrrt·. was audited by the South Da~ota ·u_epartment -of c. . Legislative ~Audit in_March, 1994 for: state fiscal. year ,1993 (July-~,,1992 -through June 30, 1993), The Departmenf r~sponded~~d}ilLfind4Igs were .. resolvecl. A copy _pf the·fina~cial statements for state:fiscalyear·1994 can be .· 'found in E~ibits XIY to XVI. Findings and responses are avajfable upon request - : . .. -( "-
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'.- _:y ' -~ - ,--~ ,--..._, ,';/// " ,· .--
/' InJa.nu~, 199~, EPA Region V!Ilconducied i~annual review of th§·So_uth Dakota SRF ~r~gram. A draft report hrurbeenleceived. _ ___. ~/ - . . .. - -};
~/er- ·----1 <j__ ,. -, _J /
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·B. Assistance-Activity .. __ .:' . "--
- ·--~ ? ); /
) - ~ ~~ ( \ . -
E,giibits ·· I through· VII iJlustrate · the~ assistance activity· o(the SRF in_ F ~deral 'Fiscal Year/ 1994-. -- -~ -S- ' , ---
~
(
l__ . . · , Cr \ , J · r· , ·
. ( Exltlbit I lists-those recipients that rec,eivecl SRF loans .during Fed~ial Fiscal ._. ~ear 1994.~Fourt~en,loans~ere for Sectfon-212 proje~ts ana two loans were·
. ' r . / - . . !I. •. .- -. - ·, /. / • -~ ~ibit IV I lists, each' SRF loan an_d the capitalizatimi grant tq which it is \ - . . ) , . . . d· / . . ( . r .... --< -· / . I assJgne : ~ -...._ c,.J '. • y• • \ , ; ' . . _ • · .•
--- y ") \ ' - '-.., '
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ExhibitV lists the cash clraws ancf the projects or admiIµstrative assistanceJor , .. • I ..
j
whichtheyweremade.·/ .·:.-·.' \ -,·,~ ~··~~·'.. /.·_,, ·-·· j . i
5-----. ~ ' \~ ---;t
' .· . . ' ', . . '1 . . -· .-- '.- _y . ·I 1
.- Exhibit VI lists the estiliiafed and~actual cash disbursement schedule from the _ . . - ( - ~ -, ~-, ' . . . ·'\ -, ' '> ,
federal 4tter of CrediC{LOC) for FFY 19941--The estimated .schedule·w.as \ agreed·uptm by theLStJ!te and EPkin the 1994 Annual__:\Vorkpfan. ) ·• -
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'.Exhibit VIV lists the assistance-amount provided to each Section 212 and . ~-:. nonp'oint:source pr.ojec~ by rieeds category~ - . / '... .:'(
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C. I Provisions of'the Operating Agreement' /:Conditions of the Grant ' '' I ' ·_ ( ' -,( ' ~---' ' / '; ,, ' ' I -- - ' '\ ' ' - _;" - -: ' ' - -
The State of ~ouili :Dakofa ~~eed to 70, conditions in the Operating Agreement and Capitalization Grant Agreement. ·• The follQ_wing 13 co~ditions have\ been _met and --- ' need no further~description. , , ' I , ·, j .
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Agreement to Accept Payments- . , / Cash Draws for SRF P,rogram Separate '(
Priorlncurred Costs noLas State Match -- ? - Re~enues Dedicated. for Repayment of Loans , 1 Procurement Actio~ 1 .40~eFR Parf 31' , ,· J ' -- ' ' 'r
Administrative Surcbarge / State Match ' · ·
' ~- _/ / - ) _ _, ;
Cash Draw Schedule" , c • ''-'
Anti-Lobbying_ - . . _
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Expenditure of ~tate Matching Fun4~ ' ' ~-Deposit pf State Matching·Funds with Federal Monies
) Binding Commitment Ratio ~ _ _ . .' Timely and Expeditiou§ Use of F11nds
, , ·.r· . / ,_:,: 7··~.', (''
The follp~g ls~~en conqitiortS hav~ b~en}11et and are furth~ described below. I
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- ' c..i' ' ' ' ' ' ' - --
L 'tNo ,allotted-,FFY 94 Title::.Il furids were transferred info the State Water~ , - :Pollutio~r Control ,Revolving-F¥nd.: ' > > I '
-The>Staie and EPt.-pave. agreed on'. "fair '~hare",go~s-of 6 pe~ceni and 2:(p~rcent for MBE a11djVBE'Jirms. The actual goals ,achieved for · Federal Fiscal Ye"af>1994 werer5.12%'for ~E.aJ!d2.22% for WBE.
-~rior 1to. executing binding -comniitments on SRF projects, the Regional Administrator must certify projed complianc¥ with 'Fitle Vl of the Civil Rights ,
4700-4) to thiDENR;::,which in trim submitted these forms to EPA for r · ~- concurrence. Thetforms'were~ 'i11~most~c,ases, returned with EPA ~, · ~ approv;u ·prior to the 13oard of Water an~ Natural Resources' action,. · - .regarding Jlie _loans., In'those cases" iliat EPA ·did n()t return' the forms
prior to-Board:consideration, the Board approve,d each loan contingent, · on approval-by EPA-· - - - '/ · ' 1
. ~ -) .Ihe ·state did· overmatch on· disbursements maqe-prior_to r119e -30, . '/ ·'1992 iii or_der to close out the Slate's .matcping fund account. D P~st -
gate July_ 1, 1992, the State proceeded to draw 100% federal letter.of /. . credit t9, compensate ·the fund for· drawmg ~100% St~te Mafoh,prior to
-,c' '._} ·' ' ' /, ~ - , -, • ) __/
c ;_. · . ;. " that d~te at1d will contin,ue to do so, until the ratfo is restored. '- •, ' --/ '---- ,) \ - - / " } '.. - X, - \ ~ _5 __J -~
.. - EP ;\._R~gJon .V1,Il ;equested .th~t\ S~u.t? Dakgta;reYise its gtials\clnd objecti~es.: Toe')~ .2 .
\
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B~ard of Wat~r and Na}hral Re~ourc,es 1 chose n.!)t to, change the.:1..._current- State ~ ,_ .Revolving Fund~goals and objectives as to retain flexib1!ity Jn .the prognqn.· ) ·". · . "
The South J)akota SRF Progr~m is-pres':ntly administered under/one bo.l}d ·- issue~ In ·February, 1994" the Conservancy -District completed an advanced
~-:.1 refunding of both its outstahdingSepes· '1989 and 1992 bonds. This' has greatly .. -.. - d~_cf eas~d. the yarious req1:1irerp.enfs of.adrnjmsJ~ring the progra~1i'under two
.... _ separate issues. Escrows were purch_ased tcrdef ease~th'e prior series of bonds and these':escrows are being administered_by the trustee:·< _,, ' l -
_/ The Department s1:1b~tted its Wastewater H~dbook of Procedures to.EPA Region'VIII September ·13, 1994, To date the 1Dep_artnient, 'bas not received any corn111ent'. . . , - \. - · . --- , . - ,'-
,/Thi.s year's Projec~ PriorityList contains every city, ~(>linty an,d sanitary disJ;rict ~- in the· State ·of South Dakota that cbilld reqy_eSt financial assistance from the,.~ _ State Revolving Fund Program. This was. clqne to de~rease the administrative . · ~ requirements of amend,ing/th~)ist~ 1. :-( v / ; ~ / \ .~
, -r; ' - ,- J ~ '-J ; ( J ~ c - ~' \.::. '---t 1 - • " l_. / I - -..._, --=~-;_ ~l -~~ ,The. 19~4 Legislature created~ Waste Management, 'Distric~So which are
· -governmental entities tlfa(can ow1i"and- operate solid waste facilities. These . District~ are""elfgible fo-r the Sta.ft:· R~volving>Fund Program ana 'rep~y· 4e~t-0 • Jhro_}lg~ ~o)i9 Wf1Ste te~_s ... Ho'Yever/~~ ~g~s.lature ga~e ~ the~e 11ew aistricis .
'c,::; > )_only on:e source of revenue· generatmg~ab1hty. Sales, and use_ taxes ·and pioperty::.taxe§ are not available to Waste Managemeni Districts.
---· ~ I "'. .__,..-cc_....- ~ ~ ' ~/ ' ~ ' r . ,,) , '
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·13~ Long and -Sh~rt Term Goals arid Objectives for Future IUP ) L ·c- c
.- " " . --- , ., - /\ •-
The ~~· Program will C<>ntinue to"reviewits go~ls and objectives'thrqughout . ,EFY 1995 for possible_iriclusion into the 199-6 Intended Use Plan. ·,- ~~. ·· I C' _,,,.,.,- ,;_._ ', c.....__ ," - - ,-......,,. < '>- . \ _----, '"' ' ,-- L- -~ A '
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1, (, ' : ( ) ) COMMUNITY - , '--' _/
;: ' City ofDell Rapids* - City of Vermillion (02)* _ -' City of Hot Springs (NPS/01) _ "' " City ofGroton , - '> -- -~
('- City9f~iouxFalls(08) ,,--c: City of Deadwood ,
1
Northdale Sanitary District ~ ~ City of Fort Pierre* -,L---
City of Groton (02) City of Garretson
. City ofJ"ea (02)* ' ,_ , _ City of _Custer (03) amendment City of Sturgis (02) -City ~f Rap~ City (04)*
, City of Sioux Falls (09t' -hcity of Sioux Falls (19) · .
- Custer-'7all River Waste Management District ,,
TOTAL *Storm Sewer ~
-~,
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EXHIBIT 1-1 1
PROJECTS RECEIVING,SRF ASSISTANCE FFY 1994
'-~ ,>
BINDING COMMITMENT ASSISTANCE AMOUNT . ;-. ~- DATE ,- RATE, TERM
-· \ U, - • t; \ • . . -. ;. , • _,- . · - * _Remainder of $600,000 loan ($270,000) is out of 90Junds. ~ -Remainder of $845,000 loan ($226;3.58) is out of-90 funds. •
~-Remainder of $196,930 loan ($120,061) is 'outof 92 'funds."-> -.._:,_ r · ( --... ( ,J., ;_- ' 1 / •••
~- -:-:- , * These are NPS projects satisfying environmental revie~s through 'state permit process,' --- / ' -- , --.. " ,,
~, / ' 1 ** The-COB) and (10) loans involve the same projects. _/Construction of1•
3'- ~.__a fl<?w equ~lization /basin, sludge handling imp~vements and s~wer,- __ __ __ ' _/_main' replacement were addressed with a Categorical Exclusion(- Construction of
1. The financial information contained on the SRF Loan Participants, SRF Cash Flow Worksheet, SRF Balance Sheet,
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·., SRF Statement of Income and Retainecf Earnings) and. SRF Statement of Cash Flows in Exhibits IX through Xlll of the ' 1
SRF Annual Report is unaud~ and prepared by representatives of the Trustee. Information has been provided by . r~esentatives of DENR'and the Department of Legislative Audit The.format for these statements is generally consistent ·'with the Departmenfs'June 30, 1994 financial statements with some additional information requested by EPA personnel . . r-•
2. Cash consists of $1,339,000 invested in a Goldman Sachs Money Market Fund rated "AAArn" by Standard and Poor's. '-.....,,.._ _/~-,) ' I·-),'_ - __ :- '<~--.L ._, f"- \ _) -----......,.,_' \---~);;;; "~ - • 1_' f
3. · · Investments consist of a 5.40% Investment Agreement with FGIC Capital Market Services, fnc. 'due July 31, 2012 totaling $4,858,000 •• .7 / • ~~ / _. • • • .- , ~ , { 1 / -~-_/- __ h./ y- . - ,j
-J • - '-._I ,_
4: , Investments consist of a 5.40% Investment Agreement with FGIC Capital Market Services, Joe. due ; · ' ---;' July31, 2012 totaling $892,000. The remaining funds of $22,000 are held in a Goldman Sachs Money Markef1-
• a Fund rated "AAAm" by Standara and Poor's.· • .• I . l ./ • J - ' ·_· .
-:5. · Thefc>llowing principal arid inte~t payments on the bond~:are _due a;f~llows: u ,, • , - - ) '
J
Series·1994 '-, /. Principal
- · interest
-.0. ;J Total
-.:::::, •_,;--<
February 1 /1995\-_...., ___ :-----. r
-~~ "$0 243,401
-:=--_/
• August 1,., 1995
6. . The contribution from the EPA is the full amount authorized for the periods ending as follows: ~- . ( '- . ' -
.1SEipterriber 30; 1989 . September '30, 1990
Septe""6er 30)1991
/
(..
• · September 30,. 1992 ; $eptember30, 1993
-September 30, 1994 _,.)--'..__! ',~ ,- '
$4,577,200. 4,738,000
'1.0,074,800 9,534,900 ·
~~9,431,000 5,813,800 c
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\ Total $44,169,700 ~ . ~ . ·, .1
.. 7. I-',- • - "'- .-, C~.->
The annual administ;rative costs paid by_the SRF program are as f9llows:
'-.
- . . .. -~ . - ,.. ' -- . (
?, /< · Year Ending.
/ ~ /~
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-.- ~ State Administrative Costs First NatioQal. Bank - Trustee
' . · Standard ~nd Poors-:-. Bond Ratings . _ Neufeld Consulting -' Financia1Servic:es
Lindquist/Atthe\mer::_ Arbitrage Calculations Kutak Rock - Legal Services 5
• ·
Planning arid Development District Ill · t
Sepf30,1994
.$234,270 39,600
0 9,098
0 SOQ/-
0
, .- ~' ~Tata1 ( $283,~
_... y ~-
/- / \_,
~ \.
Cumulative Total
$628,876 •. 98,112
·27,500 27,818 -_;; .13,000
4,61j l
-r 3,1.24
$803,041
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;~ a.·:-- Based on the.current loans and investme'nt amounts, the following amounts ~re expected to be received during the period. from October 1, 1994 through September 3(), 1995: . -~' • ··· j · ··
management activities. _ The list 1 of -- potential wastewater// faciliti~s projects · incorporates a~priority ranking system to
)ne ~tale of South Qakota/-propos~s to adopt Jhe following: Intended Use Plan (IUP) for the. federal_ fiscajyear 1995; .as requireo under Section .606( c) of the -comply with ·Project - Priority ·List --- -~
Clean -Water Act. ~ · ·· ,--> \, ',""' \
-:, . ; '\
The primary-:--purpose of the IUP is _ to · • identify the proposed annual
1 intended use .
- of the amounts -• available to-, the I State Revolving Fund
1
(SRF).-< The .IUP has ~be~n revjewed .by the pubHs and reflects / ' the results of such review. '. • ..
- I /
1· - -~
The,IUP includes the following: -· 1) )
L~.List of Projects imd Activities; - - \ - "-
/ ~- - -~
-z.r Long and,ShorfTerrn-----+-.Goals;:::_~ ~ r· - / ---~ ~ C
J- requireme~ts as per Federal regulations. To .be·- eligible for SRF. funding the · projectJ_activi!Y -'mu~t be identified and I
· included as a potential project in1he'.JUP'. ,....--,.··· -t _> -----
The -· SRF 1fundsF will basically be -
\ . -
. \ administered on -a first-come, -first-serve --- •( basis, regardlrs~ o_f the project's: pri~rity l -list ranking. Attachments I and II contain lists o_f projects- and-activities that,_ are projected.---for· use of SRF funds-during 1
federal fiscal year 1995. The ~State will , )
., __ 3 .. -Assuratt~/es and Specific ~!oposals; _j -- J-
'~ also fund_nonpoint sourc~ management projects/ activities ti-om _Attach!llent IT- as \,
-The SRF niay be used for/the following~ · purposes:~ "
L LOW interesr loans fo . Itiunicipalities . for secon~ary or i more stringent treatment -of. . any_ - 'cq_st-effec,tive -alternatives, - new , interceptors and appurt~nances,
/ ! facilities if the debt was incurred and _ The short_ term_;g6alof the SRF is to fully construction initiated after March 7, capitalize the fund: - - - - --
1. Ensure _the techajcal integrity of SRF p:r:ojects . thi:'011gh- ___:the,_ -r~view ~ of planning, \ design - ·pl~ns - and specifications -and construction - selected from the above mentioned · usts,
- the · -amount of assistance, and __ the ·- financing · terms and coµditions will' be -made by the'.BWNR--during~feoeral fiscal
activities; -C
- ~ ' year 1995. ~- --;_, · --- _ _ -\ _ --_/
III.' - ,GOALS AND OBJECTIVES --/'
Long Term-Goals.and Objectives:-)\-, '- - / '
'_/
" 2. Ensure~compliance with all pertinent -- - federal, state and lqcal water pollution
-conJrol laws and regulations; and ( ·
3. Obtain maximum ;apitalization of the/ funds for the,state in the shortest time
' \' 0
' J>OS~i?le. , ,- \ ' ')
The)ong'term goals· of the State, Water
1--._ "- ~oUution· Contol Revolving _Fund are to - ·,/IV. / INFO~TION ON THE
fully c capitalize \ the SRF, - maintam or ., ' A~~TI~.s TO 'BE __ _ restore and enhance the chemical, physical- < ,, c SUPPORTED ·
· and -bfological integtjty ~ of the Stite's. / -< waters for the' benefit .pf/the overall'/ \ -- The_ p~ary type of as~istance to be
environment,~ the protection _of public.::--.'. _proyided 'hy th~~ $RF, is,' loans and - health, and~ the promotion (<>f: economic - refinancing -of )existing_~ debts, wh,ere
well:being. 7
"' eligible. · The state plans on reserving 4 , J "- - 5 _ ,percent of_ the capitalization5grant amount
-Obje,~ives:' ' J , for administrative expenses. On> a more ,~ · - __ . _ - - " , , limited basis, the state may guarantee or
· _ic--.- I- -Maintain a permanent, ·self-sJtaining ~ buy insurance for local debt obligatio~ or --. , SRF· 1 program that will serve- in, · leverage.bond issues. . ( ·
1--perpetuity as a\ financing· source for \ w~tewater , treatment works pr_gjects --, _ Fr~invthe SRF, .these types ,of assistance and water pollu~ion ~ontrol activiti~s will be: provided '-to local ·,communities, including . nonpoin'f' source and. I • sanitary districts, counties, or Qtber. units
-ground\Yater protection projects; and" of government for ,the, construc#on of '-- . \ > ' -1 / - -- publicly 'owned wastewater treatment
2. Fulfiff the requiiern'.~nts · of pertinent" . ~2 facQities: ~_for -the implementation of federal, state( ,and local laws ;,an_d _ nonpoinf L source pollution . control regul,ations _ governing water. pollu_tion <, ---, programs in,' conjunct10n with _ the SRF contra~ activities, while providing the · ·rµles-,~~opted by the BWNR on~May 25,'
... CRITERIA AND ME'f!!OD FO'R DISTRIBUTION OF . -:: -FUNDS >- )_·. ) .37
The 'sRP fu~ds_~e bein~"cli~tii1'iited usi~g . · -the: method~~riteria and eligible_ activities . described in the. SRF-pJograni rules. _The - meth9ds and crit,eria:used are desigr!ed to.~ ..
~ :_provide the maximum flexibility arid · ." - assistance· which is affordable . to the : :·communiiy-while pro~ding, for -th~ 'long ,j
Public 'Review and.Comme~t - On May 25, 1988, a public hearing,was held to_review the , SRF rules:::.c1.nd· to -receive comments~ Copies of these-documents wertmailed to
. Activitie.s. to be implemented for the control of ~S pollu!ion in'the project areas listed · for 1consioeration~include: /. .. ___ 1 - · · · _ : - \ · ) -· , •
' . _j - .• -1~; Agricul1!1tal Best ·¥anagement Practices such as reduced-tillage, so~ base_d crop ·
