DRINKING WATER REVOLVING FUND

Michigan 's Drinking Water Revolving Fund (DWRF) program is designed to assist water suppliers in satisfying the requirements of the Safe Drinking Water Act by offering low interest loans of 2.5% to eligible water suppliers.

On June 17, 1997, Governor John Engler signed legislation establishing the Michigan DWRF (Part 54 of PA 451, 1994); which through the 1st Quarter of Fiscal Year (FY) 2009, has provided low interest loans for 190 projects totaling nearly $527 million. If you are interested in applying for a DWRF loan, a final project plan must be submitted or postmarked on or before May 1 to be considered for funding in the next fiscal year.

The discount rate that should be used in project planning beginning FY 2009 should be 4-1/2 or 4.5%.