The Mississippi DWSIRLF BIL EC is structured around one fund. The portion of the fund designated for projects will consist of 100% principal forgiveness. The funds are broken down further into designated accounts, each having a specific function.
Monies in the Fund support a majority of the functions of the DWSIRLF EC. These functions include program administration, set-aside operations, and most importantly provide disbursements to public water systems for eligible projects. The DWSIRLF EC is a reimbursement program, meaning that after the loan is awarded, costs associated with planning, designing, and constructing the project are reimbursed to the recipient. Cap grants from EPA will be deposited into this Fund's account.
For a project to be eligible for funding under the BIL EC fund, projects must be:
The set-aside accounts reside under the umbrella of the Fund and are distinctly designated by reporting categories. A listing of the set-asides taken by Mississippi includes the following as part of the FFY-2024 IUP:
33 Miss. Code. R. 15-III