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Fiscal Code Provides Potential Funding for Water, Sewer and Storm Water Projects

By Kathy Pape
July 9, 2019
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Now that most of the dust has settled on the 2019/2020 budget, municipal and Authority water, wastewater and storm water system service providers should note that the Fiscal Code provides a funding opportunity.

The 2019-2020 Fiscal Code provides two important provisions:

  1. The addition of a definition of “water and sewer project” to make clear that a “storm water project” is eligible for funding. “Water and sewer project” is defined as, “ A project which is for a water supply system, sewage disposal system, storm water system or flood control”.
  2. For fiscal year 2019-2020 a total of $40mm will be transferred to the Commonwealth Financing Authority for  distribution or reimbursement for water and sewer projects with a cost of not less than $30,000 and not more than $500,000. The applicant will not be deemed to be ineligible if the project detailed in the application is for a portion of a larger project, the total cost of which exceeds $500,000. In FY 2018-2019 the total amount provided was lower, $24mm.

Please note that the language in the Fiscal Code also provides for “reimbursement” for projects, which may offer an opportunity for funding projects which are already in progress.

 

 

Kathy Pape

 

 

Read more about Kathy Pape
  • Posted in:
    Administrative
  • Blog:
    McNees Public Sector
  • Organization:
    McNees Wallace & Nurick LLC
  • Article: View Original Source

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