PORTLAND – The Oregon Department of Environmental Quality Clean Water State Revolving Fund program needs to conduct a rulemaking to modify requirements for the Clean Water State Revolving Fund program, Oregon Administrative Rules Chapter 340, Division 54 this year.
The rulemaking will allow the program to provide more principal forgiveness for loans to finance water quality and infrastructure projects throughout Oregon. Oregon CWSRF can provide principal forgiveness to eligible borrowers that meet affordability criteria, projects that meet green project eligibility based on EPA criteria or to address ratepayer hardship.
Principal forgiveness is an incentive, particularly for disadvantaged communities, to utilize CWSRF financing for water quality and infrastructure improvement projects. The rule change will allow CWSRF to increase the amount of principal forgiveness for eligible borrowers, including disadvantaged communities, and ensure the program meets new federal requirements to provide more principal forgiveness in financing water pollution control projects in Oregon.
DEQ has appointed an advisory committee for this proposed rulemaking. The next committee meeting will take place on Friday, July 29 from 8:00 a.m. until 12:00 p.m. The meeting is open to the public, however, community members may attend meetings to observe, but not to actively participate. The committee may designate time on the agenda to hear community comments as time allows. Later in this rulemaking proceeding, DEQ will invite public comments and will hold a public hearing about the proposed rules. At that time any member of the public may submit comments and participate in the public hearing.
To learn more about this rulemaking and the advisory committee, view the rulemaking web page at: Clean Water State Revolving Fund 2022.
If you want to receive future email notices about this rulemaking, you must sign up at: GovDelivery.
You can also obtain more information about this rulemaking by contacting: