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Agency: Environmental Quality
STATE REVOLVING FUND
Michigan's Water Pollution Control Revolving Fund, better known as the State Revolving Fund (SRF), is a low-interest loan (2% for 20-year loans and 2.25% for 30-year loans in fiscal year 2018) financing program that assists qualified local municipalities with the construction of needed water pollution control facilities.
Michigan enacted 1988 PA 317, The Clean Water Assistance Act, to establish the SRF which is now codified as Part 53, 1994 PA 451, of the Natural Resources and Environmental Protection Act. It is anticipated that both carry-over and new funding will be made available to subsidize Green Projects in fiscal year 2018. If you have projects with components that address green infrastructure, water or energy efficiency improvements, or other environmentally innovative activities, project plans will need to be submitted by July 1, 2018.
Please refer to the Green Project Reserve Guidance below for further information. If you are interested in applying for an SRF loan, a final project plan must be submitted or postmarked on or before July 1 to be considered for funding in the next fiscal year. As of October 1, 2017, the SRF program has provided low interest loans for 582 projects, totaling $4.8 billion.