Water Infrastructure Finance & Innovation Direct Loan Financing

B3: P.L. 114-254, Section 197(a) provided a loan limit of $2,073,000,000. P.L 115-31 added $976,000,000, for a total loan limit of $3,049,000,000 for FY 2017. P.L. 115-141 provided a loan limit of $610,000,000, and Section 430 (4) (c) of that same bill provided an additional $6,100,000,000, for a total loan limit of $6,710,000,000 for FY 2018. P.L. 116-6 provided a loan limit of $610,000,000, and Section 429 (c) of that same bill provided an additional $6,700,000,000, for a total loan limit of $7,310,000,000 for FY 2019. P.L. 116-94 provided a loan limit of $11,500,000,000 for FY 2020. P.L.116-260 provided a loan limit of $12,500,000,000 for FY 2021. P.L.117-103 provided a loan limit of $12,500,000,000 for FY 2022. P.L. 117-328 provided a loan limit of $12,500,000,000 for FY 2023. The cumulative loan limit for WIFIA is $66,069,000,000 for FY2017-FY2023.

B4: During FY 2023, EPA was authorized to obligate the resources for the following loans: $91,581,116.00 supports Santa Clara Valley Water Utility - Pacheco Loan 1 with a subsidy rate of 0.62 percent and a subsidy cost of $567,802.92; $336,000,000.00 supports the City of Chicago with a subsidy rate of 0.82 percent and a subsidy cost of $2,755,200.00; and $119,994,028 supports Fort Lauderdale with a subsidy rate of 0.33 percent and a subsidy cost of $395,980.29.The actual obligations will occur in FY 2024. No changes are required on the program account for these loan transactions, only entries on the direct loan financing account.

B5: During FY 2024, EPA is authorized to use these resources for the following loans: $55,975,447.00 supports the Gun Lake Tribe with a subsidy rate of 3.56 percent and a subsidy cost of $1,992,725.91; $45,315,483.00 supports Sarpy County with a subsidy rate of 0.25 percent and a subsidy cost of $113,288.71; $17,992,000 supports Sharyland WSC with a subsidy rate of 1.0 percent and a subsidy cost of $179,920.00; $38,295,600 supports Bloomington with a subsidy rate of 0.31 percent and a subsidy cost of $118,716.36; $194,125,628.00 supports King County 3 with a subsidy rate of 0.24 percent and a subsidy cost of $465,901.51; $94,654,999 supports New Lenox with a subsidy rate of 0.26 percent and a subsidy cost of $246,103.00; $10,275,781 supports the City of Memphis 2 with a subsidy rate of 0.32 percent and a subsidy cost of $32,882.50; $43,109,270.00 supports Pajaro Valley Loan 1 with a subsidy rate of 0.71 percent and a subsidy cost of $306,075.82; $31,099,063.00 supports Pajaro Valley Loan 2 with a subsidy rate of 0.72 percent and a subsidy cost of $223,913.25; $171,488,686 supports The Water Works Board of the CIty of Birmingham with a subsidy rate of 0.39 percent and a subsidy cost of $668,805.88; $14,805,000 supports Palmdale Water District with a subsidy rate of 3.79 percent with a subsidy cost of $561,109.50; $96,386,500.00 supports the Upper Thompson Sanitation District with a subsidy rate of 1.23 percent with a subsidy cost of $1,185,553.95; $42,630,000.00 supports Ogden City with a subsidy rate of 1.95 percent with a subsidy cost of $831,285.00; $188,290,418.00 supports Tohopekaliga One Water with a subsidy rate of 0.95 percent with a subsidy cost of $1,788,758.97; $24,738,640.00 supports the City of Sandy with a subsidy rate of 0.52 percent with a subsidy cost of $128,640.93; $268,087,870.00 supports Hampton Roads - Tranche 3 with a subsidy rate of 0.24 percent with a subsidy cost of $643,410.89. No changes are required on the program account for these loan transactions, only entries on the direct loan financing account.

B3: P.L. 114-254, Section 197(a) provided a loan limit of $2,073,000,000. P.L 115-31 added $976,000,000, for a total loan limit of $3,049,000,000 for FY 2017. P.L. 115-141 provided a loan limit of $610,000,000, and Section 430 (4) (c) of that same bill provided an additional $6,100,000,000, for a total loan limit of $6,710,000,000 for FY 2018. P.L. 116-6 provided a loan limit of $610,000,000, and Section 429 (c) of that same bill provided an additional $6,700,000,000, for a total loan limit of $7,310,000,000 for FY 2019. P.L. 116-94 provided a loan limit of $11,500,000,000 for FY 2020. P.L.116-260 provided a loan limit of $12,500,000,000 for FY 2021. P.L.117-103 provided a loan limit of $12,500,000,000 for FY 2022. P.L. 117-328 provided a loan limit of $12,500,000,000 for FY 2023. The cumulative loan limit for WIFIA is $66,069,000,000 for FY2017-FY2023.

B4: During FY 2023, EPA was authorized to obligate the resources for the following loans: $91,581,116.00 supports Santa Clara Valley Water Utility - Pacheco Loan 1 with a subsidy rate of 0.62 percent and a subsidy cost of $567,802.92; $336,000,000.00 supports the City of Chicago with a subsidy rate of 0.82 percent and a subsidy cost of $2,755,200.00; and $119,994,028 supports Fort Lauderdale with a subsidy rate of 0.33 percent and a subsidy cost of $395,980.29.The actual obligations will occur in FY 2024. No changes are required on the program account for these loan transactions, only entries on the direct loan financing account.

B5: During FY 2024, EPA is authorized to use these resources for the following loans: $55,975,447.00 supports the Gun Lake Tribe with a subsidy rate of 3.56 percent and a subsidy cost of $1,992,725.91; $45,315,483.00 supports Sarpy County with a subsidy rate of 0.25 percent and a subsidy cost of $113,288.71; $17,992,000 supports Sharyland WSC with a subsidy rate of 1.0 percent and a subsidy cost of $179,920.00; $38,295,600 supports Bloomington with a subsidy rate of 0.31 percent and a subsidy cost of $118,716.36; $194,125,628.00 supports King County 3 with a subsidy rate of 0.24 percent and a subsidy cost of $465,901.51; $94,654,999 supports New Lenox with a subsidy rate of 0.26 percent and a subsidy cost of $246,103.00; $10,275,781 supports the City of Memphis 2 with a subsidy rate of 0.32 percent and a subsidy cost of $32,882.50; $43,109,270.00 supports Pajaro Valley Loan 1 with a subsidy rate of 0.71 percent and a subsidy cost of $306,075.82; $31,099,063.00 supports Pajaro Valley Loan 2 with a subsidy rate of 0.72 percent and a subsidy cost of $223,913.25; $171,488,686 supports The Water Works Board of the CIty of Birmingham with a subsidy rate of 0.39 percent and a subsidy cost of $668,805.88; $14,805,000 supports Palmdale Water District with a subsidy rate of 3.79 percent with a subsidy cost of $561,109.50; $96,386,500.00 supports the Upper Thompson Sanitation District with a subsidy rate of 1.23 percent with a subsidy cost of $1,185,553.95; $42,630,000.00 supports Ogden City with a subsidy rate of 1.95 percent with a subsidy cost of $831,285.00; $188,290,418.00 supports Tohopekaliga One Water with a subsidy rate of 0.95 percent with a subsidy cost of $1,788,758.97; $24,738,640.00 supports the City of Sandy with a subsidy rate of 0.52 percent with a subsidy cost of $128,640.93; $268,087,870.00 supports Hampton Roads - Tranche 3 with a subsidy rate of 0.24 percent with a subsidy cost of $643,410.89. No changes are required on the program account for these loan transactions, only entries on the direct loan financing account.

B6: During FY 2024, EPA modified San Mateo at a subsidy cost of $1,321,613 with a modification adjustment transfer of -$5,493,671; Foster City was modified at a subsidy cost of $321,971 with a modification adjustment transfer of -$1,501,826; the City of LA was modified at a subsidy cost of -$158,183 with the modification adjustment transfer of -$2,166,711

B6: During FY 2024, EPA modified San Mateo at a subsidy cost of $1,321,613 with a modification adjustment transfer of -$5,493,671; Foster City was modified at a subsidy cost of $321,971 with a modification adjustment transfer of -$1,501,826; the City of LA was modified at a subsidy cost of -$158,183 with the modification adjustment transfer of -$2,166,711

A1: All funding amounts provided for obligation to the Administrator of the Environmental Protection Agency for direct loans administered under the Water Infrastructure Finance and Innovation Act (WIFIA) program are apportioned for the fiscal year, and available for obligation under Category B at such time as the subsidy costs for each project are determined in accordance with the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.), as amended. Rationale: Footnote specifies when the funds are available for obligation pursuant to legal authority.

A2: The listed subsidy rates, subsidy amounts and loan amounts are notional. The final subsidy rates and subsidy amounts are subject to OMB revision based upon receipt of the final rating opinion letters prior to final acceptance and financing of the WIFIA loans per 33 U.S.C § 3907(a)(1)(D)(ii). Rationale: An agency spend plan or other documentation is necessary to better understand how the agency intends to obligate some or all of the apportioned funds.