Water Infrastructure Finance & Innovation Direct Loan Financing

B5: During FY2025, EPA is authorized to modify the Santa Cruz at a subsidy cost of -$2,279,101.72 with the modification adjustment transfer of $4,979,090.71.

B6: Pursuant to the Federal Credit Reform Act (FCRA), title V of Public Law 93-344, as amended, which provides the budget authority for the modification adjustment transfer.

B5: During FY2025, EPA is authorized to modify the Santa Cruz at a subsidy cost of -$2,279,101.72 with the modification adjustment transfer of $4,979,090.71.

B6: Pursuant to the Federal Credit Reform Act (FCRA), title V of Public Law 93-344, as amended, which provides the budget authority for the modification adjustment transfer.

B1: 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. P.L.118-42 provided a loan limit of $12,500,000,000 for FY 2024. The cumulative loan limit for WIFIA is $78,569,000,000 for FY 2017, FY 2018, FY 2019, FY 2020, FY 2021, FY 2022, FY 2023 and FY 2024.

B2: During FY2024, EPA was authorized to modify the City of Los Angeles at a subsidy cost of -$158,183 with the modification adjustment transfer of -$2,166,711. The actual modification will occur in FY2025.

B3: During FY2025, EPA is authorized to use these resources for the following loans: $12,587,629 supports New Castle County with a subsidy rate of 0.30 percent and a subsidy cost of $37,762.89; $156,528,628 supports Pflugerville 2 with a subsidy rate of 0.61 percent and a subsidy cost of $954,824.63; $196,000,000.00 supports Indiana Finance Authority Loan 2 with a subsidy rate of 0.22 percent and a subsidy cost of $431,200.00; $318,990,000 supports Portland Loan 2 with a subsidy rate of 1.42 percent and a subsidy cost of $4,529,658.00; $336,000,000.00 supports the re-obligation of Chicago Water that was originally approved in FY2023, with a subsidy rate of 0.49 percent and a subsidy cost of $1,646,400.00; $89,891,562.00 supports King County 3 - Tranche 2 with a subsidy rate of 0.33 percent and a subsidy cost of $296,642.15. No changes are required on the program account for these loan transactions, only entries on the direct loan financing account.

B1: 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. P.L.118-42 provided a loan limit of $12,500,000,000 for FY 2024. The cumulative loan limit for WIFIA is $78,569,000,000 for FY 2017, FY 2018, FY 2019, FY 2020, FY 2021, FY 2022, FY 2023 and FY 2024.

B2: During FY2024, EPA was authorized to modify the City of Los Angeles at a subsidy cost of -$158,183 with the modification adjustment transfer of -$2,166,711. The actual modification will occur in FY2025.

B3: During FY2025, EPA is authorized to use these resources for the following loans: $12,587,629 supports New Castle County with a subsidy rate of 0.30 percent and a subsidy cost of $37,762.89; $156,528,628 supports Pflugerville 2 with a subsidy rate of 0.61 percent and a subsidy cost of $954,824.63; $196,000,000.00 supports Indiana Finance Authority Loan 2 with a subsidy rate of 0.22 percent and a subsidy cost of $431,200.00; $318,990,000 supports Portland Loan 2 with a subsidy rate of 1.42 percent and a subsidy cost of $4,529,658.00; $336,000,000.00 supports the re-obligation of Chicago Water that was originally approved in FY2023, with a subsidy rate of 0.49 percent and a subsidy cost of $1,646,400.00; $89,891,562.00 supports King County 3 - Tranche 2 with a subsidy rate of 0.33 percent and a subsidy cost of $296,642.15. No changes are required on the program account for these loan transactions, only entries on the direct loan financing account.

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.