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• Nonpoint source control <br />Loans are available at rates based on the municipal bond rate with an annual fee of 0.5% paid <br />during a repayment period of up to twenty years. Interest rates charged on specific loans depend <br />on the repayment term, and range from 25% of the average bond rate for a five yeaz loan to 65% <br />of the bond rate for a twenty yeaz loan. To assist communities through the planning stages of a <br />project, planning loans are offered at the lowest interest rate, with afive-yeaz repayment period, <br />and are not charged the annual fee. Communities must pledge loan security adequate to satisfy <br />the CWSRF Loan Program, such as general obligation bonds, other general obligation pledges, <br />or user charges. <br />LONG TERM PROGRAM GOALS <br />Goal #1: To protect public health and the waters of the state by offering financial assistance <br />for water pollution control projects. <br />Goal #2: To provide financial support for water quality improvements to all waters of the <br />State. <br />Goal #3: To administer the CWSRF to ensure its financial integrity, viability and perpetuity <br />as a source of financial assistance. <br />SHORT TERM PROGRAM GOALS <br />Goal #1: To continue to maintain the revolving nature of the Fund and to maintain an <br /> active pace of disbursements in conjunction with the receipt of new funds and <br /> loan repayments. <br />Goal #2: To provide funding to local communities to the maximum extent possible within <br /> the constraints of sound financial management, law and regulation. <br />Goal #3: To increase the number of loans for both non-point source and estuary <br /> management projects. <br />Goal #4: To make the CWSRF loan program more accessible to a wider range of water <br /> quality projects statewide. <br />Goal #5: To continue our participation with other State and Federal programs in providing <br /> financial assistance to Oregon communities. <br />Projects that are ready to proceed aze funded in priority order. Although allocating funds only to <br />projects that are ready to proceed does result in some projects being funded ahead of higher <br />priority projects, the high level of demand has continued to make the process competitive. All <br />funded projects have been critical to the protection or restoration of water quality in Oregon. <br />Actual Use: All states have CWSRFs, and they increasingly are making loans for non-traditional <br />wastewater projects. By mid-1997, fifteen states were funding nonpoint source pollution projects <br />(including direct loans to farmers), six were funding stormwater projects, nine were funding <br />landfill projects, five were funding septic system rehabilitation and replacement, six were <br />funding estuary wetlands, stream restoration, and wellhead protection, many were funding sludge <br />projects, and over half were funding combined sewer overIlow projects. Some states have <br />already used their own funds to finance revolving programs to assist localities with various <br />capital projects. At least two states have made loans to acquire land or conservation easements to <br />protect source water. <br />2005 MWMC Financial Plan - Appendix II Page 36 <br />