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The Water Infrastructure Finance Authority was created in 1997 and provides financial assistance, through below-market interest rate loans, for the construction, rehabilitation, and improvement of clean water and drinking water facilities in Arizona. However, the interest rate determination process that WIFA uses includes a project’s priority ranking compared to other, unrelated projects, which can lead to higher interest rates for some projects and, therefore, reduced cost savings for some borrowers. In addition, the process WIFA uses to determine interest rates is unique to 19 states surveyed by auditors. We recommend that WIFA revise its interest rate determination process so that rates are not dependent on unrelated projects, and test and evaluate it prior to implementation to ensure that it allows WIFA to continue operating without State General Fund appropriations.
Information on the efforts of the Arizona-Sonora Water Task Force as part of the Border 2012: U.S.-Mexico Environmental Program to improve environmental quality in the area along the Arizona Sonora border.
A majority of the work performed by ADEQ's Nonpoint Source Program is funded by Clean Water Act grants, awarded by the U.S. Environmental Protection Agency which requires States to report annually on progress in meeting the schedule of milestones contained in their nonpoint source management plans, and report reductions in nonpoint source pollutant loadings and improvement in water quality resulting from program implementation.
Through the WQARF Program, the Arizona Department of Environmental Quality identifies, assesses, and cleans up soil and groundwater that is contaminated with hazardous substances. The program conducts these efforts state-wide with support from state funds and also oversees privately-funded cleanup efforts.
The Water Infrastructure Finance Authority of Arizona implements three types of technical assistance:
1. Project Technical Assistance – Planning and Design Assistance Grants assist an individual drinking water or wastewater system to conceive, plan, design, or develop an infrastructure project.
2. Policy Technical Assistance – Policy TA includes studies, surveys and other types of reports that provide benefit to a range of drinking water and wastewater systems statewide.
3. Operational Technical Assistance – The Arizona Department of Environmental Quality manages this program to provide assistance to individual drinking water and wastewater systems to improve facility operations.
The Drinking Water State Revolving Fund IUP describes WIFA’s plan to utilize various sources of funds to finance drinking water infrastructure and support related program activities during the State FY funding cycle from July 1 through June 30. This plan is a required element of the grant application documentation to obtain the grant award. Arizona herewith submits its IUP for the funds available to Arizona for the purposes of continuing the development, implementation and administration of the DWSRF program in Arizona.
The Water Infrastructure Finance Authority of Arizona is an independent agency of the state of Arizona established to finance the construction, rehabilitation, and improvement of drinking water, wastewater, wastewater reclamation, and other water quality projects. WIFA operates as a “bond bank” and has the authority to issue bonds on behalf of communities for basic water infrastructure.
