33 Miss. Code R. § 7-A
Part 1A- FFY-2016 Beginning of the Year Anticipated Funds Report for the Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program
&
Part 2A -FFY-2015 End-of Year Funds Report for the Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program
* Mississippi will apply for the entire FFY-2016 Cap Grant if State match funds are provided by the Legislature Cap Grant funds must be matched within 24 months of award.
* Mississippi applied for the entire FFY-2015 Cap Grant (All Cap Grant Funds were awarded).
During the 2014 Regular Legislative Session, the State Legislature (House Bill No. 1495) authorized $1,000,000 in direct funding for the DWSRF program and the use of $2,000,000 in an existing MSDH account for the DWSRF program. Additionally, $180,000 was used from the Drinking Water Systems Emergency Loan Fund (DWSELF). The total of all the match funds matched all outstanding EPA Grant funds; the remaining portion of the FFY-2013 Cap Grant ($6,727,455) and the total FFY-2014 Cap Grant ($9,159,000). The $3,180,000 of state funds was used as follows.
* $1,345,491 matched the remainder of the FFY-2013 Cap Grant amount ($6,727,455).
* $1,831,800 matched the FFY-2014 Capitalization Grant ($9,159,000).
* $2,709 from the Drinking Water Systems Emergency Loan Fund (DWSELF) remained to be used as match for future Capitalization Grants.
During the 2015 Regular Legislative Session, the State Legislature (House Bill No. 1555) authorized $1,200,000 in direct funding for the DWSRF program; however, due to a shortfall in State funds the authorized $1,200,000 was reduced by $99,520.00 to $1,100,479.80 in July 2015. In January 2016, due to a continuing shortfall in State revenue the Governor mandated an additional $18,000 be reduced from the State Match funds authorized by the 2015 Legislature, this reduced the authorized State match to $1,082,479.80. In March 2016, $35,509.77 was returned to the State Match funds; in April 2016 an additional $5,180.00 was removed from the State Match funds; then in May 2016 $64,010.43 was returned to the State Match funds. With all the removals and returns the final amount provided by the 2015 State Legislature was $1,176,820.00.
In September 2015, EPA reduced the amount of the FFY-2015 Federal Cap Grant to $9,099,000 at the award of the FFY-2015 Cap Grant to comply with Federal debt reduction requirements; therefore, a 2015 State match of only $1,819,800 was needed for the FFY-2015 Cap Grant. The difference between the required 2015 State match and the available 2015 State match is $642,980.00.
To provide the remainder of the required 2015 State match for the FFY-2015 Cap Grant, the following amounts were transferred in 2015 from the Drinking Water Systems Emergency Loan (DWSELF) Fund;
* $2,709 remaining from a DWSELF transfer for the FFY-2014 Cap Grant match.
* $728,611.20 transferred from the DWSELF Fund in August 2015 for the original FFY-2015 Cap Grant amount match.
* $6,000 transferred from the DWSELF Fund in February 2016 after the second reduction in the FFY-2015 Cap Grant match by the State.
The transfers from the Drinking Water Systems Emergency Loan Fund (DWSELF) in 2015 provided an amount of $737,320.20; only $642,980.00 is required, therefore, an amount of $94,340.20 remains to be used as State match for the FFY-2016 Capitalization Grant.
The FFY-2016 EPA Cap Grant amount is $8,607,000; the required State match amount is $1,721,400. During the 2016 Regular Legislative Session, the State Legislature (House Bill No. 1651) authorized $1,220,000 in direct funding for the DWSRF program; therefore, an additional $501,400 must be provided for the 2016 State match. With the match funds ($94,340.20) remaining from the FFY-2015 Cap Grant, only $407,059.80 in additional funds will be needed for the State match for the FFY-2016 Capitalization Grant.
33 Miss. Code. R. § 7-A