New York State Water Infrastructure Improvement Act of 2015
Under the New York State (NYS) 2015 - 2016 budget agreement approved on March 31, 2015 by the state legislature and Governor Cuomo’s administration, $200 million will be allocated to the NYS Water Infrastructure Improvement Act of 2015 to assist municipalities in funding water quality infrastructure projects - some of which is earmarked for sea level rise resiliency projects.
The Act provides the NYS Environmental Facilities Corporation authority to provide grants to assist municipalities in funding both drinking water and sewage treatment works projects that focus on improving water quality and protecting public health. The Drinking Water grants will be co-administered by the NYS Department of Health.
For State Fiscal Year 2015-2016, $30 million of the funding will be available for clean water (wastewater) projects with priority given to the projects that increase resiliency to sea level rise and extreme weather events.
The new grant program was initiated by the Assembly to address the financial hardship that many localities face when securing funding for water infrastructure projects. Under the terms of the program, the State will cover up to 60 percent of municipalities’ water and wastewater infrastructure project costs, with a cap of $5 million per project. By allowing municipalities to combine borrowing with state grant monies, the Act is designed to incentivize local governments to move forward with their backlogged critical water infrastructure projects.
Publication Date: March 31, 2015
- New York State Environmental Facilities Corporation
- New York State Department of Health
- Funding program