Projects that were not audited were closed out immediately. Those that received checklist reviews or full audits will be closed out when those activities are complete and any findings are resolved. When there were excess funds after the administrative completion of a project, the excess funds were redistributed to active projects that had not completed construction, needed additional funds to complete construction, and were on the priority point ranking list. Recommendations for grant amendments were made to EPA each federal fiscal quarter as needed. Analysis suggests that the resources provided will be adequate to cover staffing costs of the grant program through administrative completion and close out.
Local government costs to administer the program are very difficult to estimate.
The demand for these funds from municipal corporations with documented water quality problems continues to substantially outstrip the resources that DEQ has at its disposal. The 1994 EPA capitalization grant application for the SRF will be the final application authorized under the current law. The SRF Task Force convened and agreed upon OAR Division 54 rule changes that increased interest rates to 2 percent for facility planning loans repaid in 5 years or less and to two-thirds of the prevailing municipal bond rate for other loans repaid in more than 5 years. The Task Force implemented existing statutory authority to charge loan fees sufficient to pay the necessary and reasonable costs of administering the SRF program. A 20-percent state match is needed to implement the State Revolving Fund Loan Program.