A Closer Look at IIJA and State Revolving Funds

On 8 March 2022, the U.S. Environmental Protection Agency (EPA) issued a memorandum to guide collaborative implementation with state, local, and tribal partners of US$43 billion in water infrastructure funding through the Bipartisan Infrastructure Law. The EPA’s memo outlines requirements and recommendations for the Drinking Water and Clean Water State Revolving Funds (SRFs). From disadvantaged communities to state revolving funds, industry players have been awaiting guidance on changes to the well-established program. 

In this episode, Podcast host, Reese Tisdale, and Bluefield’s Greg Goodwin and Eric Bindler, discuss federal funding for water infrastructure and address key questions that have come our way in recent months. 

1. What are the baseline factors in the recent EPA memo?
2. Why should industry players care?
3. What is different?
4. What are the challenges or issues with the SRF program?

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Related Research & Analysis:

• IIJA Aims to Reduce Backlog of U.S. Tribal Water, Sewer Infrastructure Needs
• U.S. Infrastructure Investment and Jobs Act (IIJA) Update: Key Funding and Policy Developments
• U.S. State Revolving Funds 2022: Breaking Down Project Data by Requests and Distributions