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Ohio Water Development Authority

Ohio Water Development Authority was created by the Ohio Legislature in 1968

•To preserve, protect, upgrade, conserve, develop, utilize and manage the water resources of the state•To promote beneficial uses of the waters of the state•To assist in the financing of waste water facilities•To assist and cooperate with local governmental agencies in achieving such purposes

The Ohio Legislature

• Sold $100 million in State General Obligation Bonds

• Created a revolving loan fund• Created the Ohio Water Development

Board

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OWDA Board

• 5 members appointed by the Governor• Director of Department of Natural Resources• Director of Development Services Agency• Director of Environmental Protection Agency

Revolving Loan Process

• Make loans• Sell bonds to raise additional funds• Loan repayments to pay bondholders• Make additional loans• Cycle repeats

OWDA Makes Loans for:

•Planning and Design•Construction

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Eligible Recipients are Local Governmental Agencies

• Villages• Counties• Water and Sewer

Districts

• Cities• School Districts• Conservancy Districts

Entities not eligible:

•Townships•Non-profit Corporations•For-profit Corporations

Types of Projects include:

• Water supply and distribution facilities• Wastewater treatment and collection

facilities• Stormwater facilities• Solid waste facilities

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Interest Rate

• Calculated monthly• Bond Buyer 20-year GO Index• Averaged for eight weeks prior to rate

setting

Planning Loan Terms

• 5 years• Semi-annual repayments begin one year after approval• 1/40th principal amount• Due in full at end of term• Due in full at time of construction• Interest rate set at time of loan approval• Interest accrues as funds are expended

Construction Loan Terms

• 5 to 30 years• No prepayment• Interest rate set at time of loan approval• Some discounts available• Interest accrues as funds are disbursed• Interest up to six months before first

payment date is capitalized to the loan

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Construction Loan Discounts

• ½ % for meeting a health concern• ½ % for regionalization• ½ % for being a previous borrower• ½% for having an approved Balanced

Growth Plan• Maximum of 1%

Community Assistance Loans

• 2% interest rate for qualified communities• Fewer than 2,000 customers or 5,000

population• Water user charges 1.1% of MHI• Wastewater user charges 1.5% of MHI• Combined user charges 2.6% of MHI• Discounts apply except for previous

borrower

Water Pollution Control Loan Fund

• Jointly administered by Ohio EPA and OWDA

• Lower than market rate loans for:– Wastewater treatment– Non-point source treatment– Stormwater

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Drinking Water Assistance Fund

• Jointly administered by Ohio EPA and OWDA

• Lower than market-rate loans for drinking water projects necessary to meet standards

OWDA Requirements

• Rates in place to support debt and expenses of the system

• Bids taken for construction loans• All environmental permits received• Local governmental legislation to enter

into the agreement• Demographic and financial information

including last three audits

OWDA loans do not count against:

• Voted net indebtedness limit• Non-voted net indebtedness limit• Does not require additional coverage

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One-time administrative fee

•35 basis points of loan amount•$400 minimum

Board meets monthly except for November for approval of loans

• Funds available within two weeks• Contractors can be paid directly• Local government reimbursed for all other

costs

Application Due Dates

•15th of month•November 25th for December meeting

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• No priority system• Loans awarded on a first come, first

serves basis• No limit to OWDA funds

www.owda.org

• Application forms• Information regarding existing loans• Audit information and confirmations• Interest rates• Program guidelines

Trust Agreement Obligations of OWDA

• Force local governments who have defaulted to raise rates in order to assure bondholders that OWDA is doing everything possible to collect revenues that are promised to support OWDA bonds

• Allow local governments to pay prepaid assessments (one time only) on their projects to reduce the principal amount of a loan preferably before first payment date

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Special Programs

• Brownfields• Stormwater• Local Economic Development• Coastal Erosion Control Loans• Research and Development Grants• Rural Development Interim Loans

OWDA has provided over $12 billion in loans to local

governments in Ohio to meet their environmental infrastructure needs.

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WEP and CF Servicing

WEP Federal Funds CF Federal Funds

A‐133 

Audit

GAGAS 

Audit

Annual 

Financial 

Report Audit Reporting Timeframes

$500,000 or more expended $500,000 or more expended X *

Within 9 months after end of 

fiscal year

More than $1,000,000 

outstanding loan balance

More than $500,000 in gross 

annual income and more than 

$100,000 in unpaid loans X *

Within 5 months after end of 

fiscal year

Less than $1,000,000 

outstanding loan balance

Less than $500,000 in gross 

annual income, regardless of 

amount of unpaid loans (a 

GAGAS audit may be 

warranted if there are 

servicing issues) X

Within 60 days after end of 

fiscal year

Annual Budgets are required prior to the end of the fiscal year for all borrowers

* Annual Financial Reports are also required for borrowers subject to A‐133 and GAGAS audits 

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703.20 Surrender of corporate power by villages.  

Villages may surrender their corporate powers upon the petition to the legislative authority of the

village of at least forty per cent of the electors thereof, to be determined by the number voting at the

last regular municipal election, and by an affirmative vote of a majority of such electors at a special

election, which shall be provided for by the legislative authority, and conducted, canvassed, and the

result certified and made known as at regular municipal elections. If the result of the election is in

favor of such surrender, the village clerk shall certify the result to the secretary of state and the county

recorder, who shall record it in their respective offices, and thereupon the corporate powers of such

village shall cease.  

Effective Date: 10-01-1953    

  

703.21 Rights and liabilities not affected by surrender of

corporate power - disposition of township assets.  

The surrender of corporate powers by a village under section 703.20 or 703.201 of the Revised Code

does not affect vested rights or accrued liabilities of the village, or the power to settle claims, dispose

of property, or levy and collect taxes to pay existing obligations. But, after the presentation of the

petition mentioned In section 703.20 of the Revised Code or receipt of the audit report and notice

mentioned in section 703.201 of the Revised Code, the legislative authority of the village shall not

create any new liability until the result of the election under section 703 .20 of the Revised Code is

declared or the decision of the court of common pleas under division (C) of section 703.201 of the

Revised Code is declared, or thereafter, if the result, in either case, is for the surrender of the village's

corporate powers. If the auditor of state notifies the village that the attorney general may file a legal

action under section 703.201 of the Revised Code, but the attorney general does not file such an

action, the village shall not create any new liability for thirty days after receipt of the auditor of state's

notice.  

Due and unpaid taxes may be collected after the surrender of corporate powers, and all moneys or

property remaining after the surrender belongs to the township or townships located wholly or partly

within the village. If more than one township is to receive the remaining money or property, the

money and property shall be divided among the townships In proportion to the amount of territory that

each township has within the village boundaries as compared to the total territory within the village.  

After the surrender of corporate powers, all resolutions of the township or townships into which the

village's territory was dissolved shall apply throughout the township's newly included territory.  

Amended by 129th General AssemblyFile No.141,HB 509, §1, eff. 9/28/2012.

Effective Date: 08-29-2003

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ORC says Villages dissolve to the 

Township; however, Townships are not 

authorized within ORC to take on 

enterprise debts, i.e., water and sewer 

debts. 

Internet Addresses

USDA Home Page

www.usda.gov

Rural Development Home Page

www.rurdev.usda.gov

USDA, Rural Development

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Water and Wastewater Program

United States Department of AgricultureRURAL DEVELOPMENT

COMMUNITY PROGRAMS

Tony LoganSTATE DIRECTOR

Chris Spellmire–Area Director FindlayAndrew SterlingMary CarrScott Leggett CA7868 C.R. 140, Suite DFindlay, Ohio 45840(419) 422-0242

John Miller-Area Director MassillonLaura SattlerJeremy LawsAllan Saline CA2650 Richville Drive, SE, Suite 102Massillon, Ohio 44646(330) 830-7700

Community Program Staff - Ohio State Office200 North High Street, Room 507, Columbus, Ohio 43215 (614) 255-2500David M. Douglas – Director (614-255-2391) Scott Shaneyfelt - SpecialistCharles Dietz – SpecialistMatt McCoppin - Engineer

Eric Zwierschke - EngineerEmployee email: firstname.lastname@oh.usda.gov

MariettaChristine Crowell Gordon ParkerTeresa UllmanRyan Springer CA21330 State Route 676, Suite AMarietta, Ohio 45750-6799(740) 373-7113

HillsboroAshley Kelly Cindy Cameron514 Harry Sauner Road, Suite 3Hillsboro, Ohio 45133(937) 393-1921

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Advantages of RD Direct Funding

• Low interest rates

• Longest fixed rate term available

• Availability of grants - up to 45% or 75%

• Commitment prior to authorizing design

• No fees for RD services

• RD’s commitment to customer service

• No pre-payment penalties

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USDA, Rural Development

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Additional Advantages of USDA Rural Development Funding

• 40 year fixed rates. • Locked in rate at time of obligation. Lower rate at loan closing if available.• Engineers on staff. • State Environmental Coordinator (SEC) on staff.• We COMMIT to funding a project first, assisting our customers secure

resources from other funding agencies such as OPWC, CDBG, and ARC etc.• Construction Analysts provide construction monitoring and on-site inspections

throughout construction. We provide analysis of contractor pay estimates to ensure the value of the work in place is consistent with the contractors request.

• We are committed to the long term success of the project. Our Specialists monitor the project by completing annual audit reviews and analysis of annual financial reports. Our Construction Analysts also complete triennial security inspections to ensure that the security is being properly maintained.

• We are “committed to the future of rural communities”.

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RD, WWD- Eligibility Criteria• Public Entities – counties, towns, districts• Non-profits• Rural areas / service area with populations of less

than 10,000• Be unable to obtain credit elsewhere• Have the legal capacity to borrow and repay the

loan, pledge security, own and operate the proposed system

• Be financially sound and able to manage the facility effectively.

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Authorized Purposes (Water)• Construct, repair, improve, expand, or

modify rural water supply and distribution lines, hydrants, and pumping stations.

• Acquire water supply or water rights (i.e..: reservoirs, wells, other systems)

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USDA, Rural Development

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Authorized Purposes (Wastewater)

• Construct, repair, improve, expand, or modify waste collection, pumping, treatment, or other disposal facilities

• Related soft costs (e.g..: engineering, legal, ROWs, land acquisition)

• Refinancing existing debts, if less than half of the loan

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RD’s Goal

• Construct facilities that are modest in size, design, and cost.

• Provide financial assistance that results in reasonable user costs for rural residents, rural businesses, and other rural users.

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RD Application Process

• Application– RD staff will assist applicants

– Engineer must provide:• Preliminary Engineering Report

– Environmental Report Writers will provide:• Environmental Report

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USDA, Rural Development

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USDA, Rural DevelopmentApplication Processing

Median Household Income (MHI).Project specific application review.User RatesGrant determinationsSimilar systemsAllowance for doubtful accounts

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RD Rates and Terms• Interest Rates are based on Median Household

Income (MHI) from 2006 - 2010 American Community Survey data.

• Rates are set quarterly based on the current Bond index, as follows:

1-1-2014

– Market - $55,216 or greater = 4.375%

– Intermediate - $44,173 to $55,215 = 3.5%

– Poverty - $0 to $44,172 = 2.625%

(Maximum Term - 40 years)

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American Community Survey

• Samples 3 million residential addresses per year (250,000 per month)

• Produces characteristics of population and housing similar to Census 2000 long form.

• Will be used to determine the Median Household Income of service areas.

• USDA started using ACS data on March 27, 2013.

• USDA will be using 2006 – 2010 five year data until the 2011 – 2016 data set is available. (Please note; some other funders are updating every year and are already using 2007 – 2011 data. Some other funders are still 2000 census data.)

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USDA, Rural Development

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History of Ohio Median Household Incomes

State Non‐Metropolitan Median Household Income

(This is what USDA uses)

Market Poverty

(80% of Market)

1970 8895 7116

1980 18635 14908

1990 31363 25090

2000 37722 30177

2005 44220 35376

2010 55216 44173

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RD Grant Criteria

• Grants awarded to meet target user rates:– Maximum of 75% grant for $0 to $44,172 MHI

(poverty level)

– Maximum of 45% grant for $44,173 to $55,215 MHI (intermediate level)

– No grant funds for $55,216 or greater MHI (market rate)

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USDA, Rural Development Guarantee Loans

• Can only guarantee taxable issues

• Guarantee normally will not exceed 90 percent

• Rate is negotiated between borrower & lender

• Rate may be fixed or variable

• Maximum term is 40 years or useful life

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USDA, Rural Development

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Available Financing Options

• Conventional• Private issues• Ohio Department of Development (CDBG)• Ohio Public Works• Ohio Water Development Authority• USDA, Rural Development Direct Funds• Appalachian Regional Commission (ARC)• Ohio EPA ( water and sewer)• Economic Development Administration• WSOS/RCAP

Public Bodies

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Available Financing Options

Nonprofit Corporations

• Conventional financing• Private Bond Issues• Rural Development Guarantees• USDA, Rural Development Direct Funds• Appalachian Regional Commission (ARC)• Ohio EPA (water only)• WSOS/RCAP

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1996 18,648,000 27 23,316,000 1,841,000 5 6,583,000 11,009,000 22 13,750,000 43,649,0001997 25,608,000 30 34,091,144 1,841,000 0 15,377,000 25 16,081,000 50,172,144

1998 23,897,000 25 26,818,000 1,919,000 1 4,500,000 15,255,000 27 16,305,000 47,623,000

1999 24,743,000 17 26,543,000 1,841,000 1 2,500,000 16,319,000 18 18,719,000 47,762,000

2000 26,602,000 22 27,414,000 1,841,000 1 130,500 15,787,000 21 17,999,000 45,543,500

2001 29,658,000 21 39,994,000 1,841,000 2 1,850,000 15,987,000 19 18,612,000 60,456,000

2002 30,963,000 28 42,836,000 1,841,000 1 200,000 16,999,000 30 26,467,700 69,503,000

2003 31,942,000 21 32,080,000 1,841,000 0 16,999,000 21 18,339,660 50,419,660

2004 31,254,000 27 31,254,000 1,644,000 2 41,183,000 13,303,000 25 13,303,000 85,740,000

2005 29,174,000 20 37,352,000 1,629,000 0 9,677,000 14 15,584,790 52,936,790

2006 31,051,000 22 32,351,000 1,629,000 0 10,497,000 16 10,997,000 43,248,000

2007 31,051,000 10 33,224,000 1,629,000 1 24,700,000 10,497,000 11 11,658,000 69,582,000

2008 27,853,000 15 27,853,000 1,629,000 1 5,400,000 10,851,146 12 10,851,146 44,104,146

2009 Reg 29,917,000 6 9,195,000 1,733,000 0 10,079,000 6 6,715,000

2009 ARRA 60,130,000 10 22,281,000 22,420,000 10 22,420,000

2009 Disaster 1 503,000 1 410,000

2009 Total 90,047,000 11 31,979,000 22,420,000 17 29,545,000 61,524,000

2010 Reg 27,654,000 10 24,082,000 1,734,000 0 13,929,037 11 21,233,037

2010 ARRA 30,178,000 4 17,175,000 16,012,000 2 16,012,000

2010 Total 67,050,000 41,257,000 29,941,037 37,245,037 78,502,037

2011 32,394,000 14 25,705,000 1,734,000 1 11,000,000 11,359,000 9 11,015,000 47,720,000

2012 26,297,000 12 25,875,000 1,983,000 0 0 11,314,000 8 9,680,616 35,555,616

2013 33,043,000 7 16,512,000 1,983,000 0 0 10,466,000 5 9,360,000 25,872,300

Loans Guarantees Grants

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USDA, Rural Development

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Other RD Programs

• Community Facilities– Can fund items WWD cannot

– i.e. – Full Overlay Paving, Buildings

• Section 504 Housing Repair Loans/Grants– Can fund tap fees, lateral installation

– Grants available to very low income elderly

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Internet Address

Rural Development Home Pagewww.rurdev.usda.gov

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USDA, Rural Development

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Questions?

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2/6/2014

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Community Facilities Program

United States Department of AgricultureRURAL DEVELOPMENT

COMMUNITY PROGRAMS

Tony LoganSTATE DIRECTOR

Chris Spellmire–Western Ohio Area Director FindlayAndy Sterling Mary Carr7868 C.R. 140, Suite DFindlay, Ohio 45840(419) 422-0242

John Miller- Eastern Ohio Area Director MassillonLaura SattlerJeremy Laws2650 Richville Drive, SE, Suite 102Massillon, Ohio 44646(330) 830-7700

Community Program Staff - Ohio State Office200 North High Street, Room 507, Columbus, Ohio 43215 (614) 255-2500

David M. Douglas - Director 614-255-2391 Scott Shaneyfelt - Specialist Charles Dietz – SpecialistMatt McCoppin – State Engineer/State ArchitectEric Zwierschke – State Engineer

Employee email: firstname.lastname@oh.usda.gov

Christine Crowell Gordon Parker Teresa Ullman21330 State Route 676, Suite AMarietta, Ohio 45750-6799(740) 373-7113

Ashley Kelly Cindy Cameron514 Harry Sauner Road, Suite 3Hillsboro, Ohio 45133(937) 393-1921

ESSENTIAL COMMUNITY FACILITIES

• Provide an essential service to the community, typically provided by local government.

• Necessary for the development and sustainability of the community.

• A public improvement, with demonstrated public support.

• May not include private, commercial, or business undertakings.

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COMMUNITY FACILITIESELIGIBLE AREAS

• Rural communities with populations up to 20,000.

• A community can be a single community, several communities, a county, or several counties.

COMMUNITY FACILITIESELIGIBLE APPLICANTS

• Governmental entities - towns, cities, counties, townships, or special purpose districts such as hospitals, schools, or fire districts.

• Non profit organizations with significant ties to the local rural community.

USDA RURAL DEVELOPMENT CF LOAN PROGRAM

• Direct Loans– maximum term is 40 years, or the useful life of

the security.– interest rate based upon community median

household income (MHI)

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USDA CF INTEREST RATES

Market Rate 4.375% MHI of 55,216 or higher

Intermediate Rate 4.375% MHI of 55,215 or less

Poverty Rate 4.5% MHI of 44,172 or less

As of 1-1-2014

USDA RURAL DEVELOPMENT CF GRANT PROGRAM

• Cannot be considered a major part of project funding.

• Extremely limited statewide allocation.

Maximum Grant Assistance

Median Household Income Grant % Population

Less than 49,694 15% Less than 20,000

Less than 44,172 35% Less than 20,000

Less than 38,651 55% Less than 12,000

Less than 33,129 75% Less than 5,000

Regardless of MHI or population, because of limited funding amounts, most grants are less than $25,000.

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Ohio Community Facility Obligations

Direct Loans Guarantee Loans GrantsFiscal Initial Total Initial Total Initial Total Yearly

Year Amount Amount # Amount Amount # Amount Amount # Totals

1990 3,440,000 3,440,000 8 3,440,000

1991 3,665,000 847,500 6 240,000 240,000 1 1,087,500

1992 3,665,000 4,647,500 5 500,000 500,000 1 5,147,500

1993 3,487,000 5,030,500 5 3,296,000 1,640,000 3 6,670,500

1994 7,656,000 7,656,000 7 1,940,000 368,000 1 8,024,000

1995 5,144,000 7,124,000 7 1,607,000 1,112,850 2 8,236,850

1996 6,092,000 6,096,000 8 1,476,000 2,200,000 1 8,296,000

1997 4,175,000 4,175,000 6 1,255,000 250,000 1 217,000 217,000 3 4,642,000

1998 6,110,000 10,329,000 11 2,882,000 2,714,000 5 242,000 242,000 6 13,285,000

1999 4,812,000 7,611,000 13 6,010,000 5,560,000 8 158,000 158,000 6 13,329,000

2000 4,765,000 10,532,000 12 6,433,000 4,274,000 5 157,000 157,000 6 14,963,000

2001 8,761,000 10,636,000 13 5,714,000 8,542,000 4 305,000 355,000 12 19,533,000

2002 8,761,000 11,441,000 18 5,714,000 6,767,000 4 305,000 551,000 15 18,759,000

2003 8,750,000 9,806,000 17 5,714,000 3,680,000 2 377,000 574,000 19 14,060,000

2004 14,722,173 19,217,000 20 5,471,000 4,450,000 3 370,000 525,000 22 24,192,000

2,005 8,903,000 10,828,000 17 6,317,000 5,000,000 1 434,000 632,000 22 16,460,000

2006 8,903,000 9,042,000 19 6,317,000 3,000,000 1 414,000 683,000 21 12,725,000

2007 8,904,000 8,904,000 17 6,245,000 2,558,562 2 414,000 414,000 14 11,876,562

2008 8,886,000 8,386,000 29 6,250,000 3,430,475 3 521,000 736,000 26 12,552,475

2009 Reg 9,777,800 10,181,350 11 4,945,000 7,000,000 3 527,500 621,350 16

2009 ARRA 22,818,000 10,200,775 15 1,084,000 581,050 17

2009 Dis 400,000 1

2009 Total 20,782,125 27 7,000,000 3 1,202,400 33 28,984,525

2010 Reg 9,793,000 9,762,000 10 5,150,000 3,338,500 3 548,000 548,000 10

2010 ARRA 23,350,800 5,323,000 5 1,776,000 426,000 7

2010 Total 15,085,000 15 3,338,500 3 974,000 17 19,397,500

2011 9,598,000 9,485,000 15 4,123,000 6,562,000 2 400,700 400,700 13 16,447,700

2012 45,617,125 5,650,000 8 2,814,000 0 0 288,400 288,400 8 5,938,400

2013 63,377,650 21,828,000 7 0 0 0 325,840 325,840 6 22,153,840

2014 21,499,750 96,780

2015

USE OF COMMUNITY FACILITIES FUNDS

• Loan funds can be used for– construction of new facilities

– purchase and renovation or expansion of existing facilities.

– expansion or improvements to facilities already owned by the applicant.

– purchase of major equipment.

TYPES OF ELIGIBLE CF PROJECTS

• Health care services

• Cultural and Educational

Community technology centers

Libraries

• Fire, rescue, and public safety services.

• Transportation facilities

• Public building & improvements

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CF APPLICATION PROCESS

• Applications are accepted anytime, at all area offices.

• Fiscal year begins October 1.

• Applications are ranked by priority, which is determined by:

- existence of health or safety hazard

– regional or multi-community effort

– amount of leveraged funds

– percentage of guaranteed funds

– amount of USDA funds needed

• Application packages include:

– Plans

– Environmental

CF SECURITY REQUIREMENTS• Non profit organizations

– pledge of revenue

– real estate mortgages

– promissory notes

– financing statements

– assignment of title for vehicles

– security agreements

• Public bodies

– general obligation bonds

– assessments

– bond pledging other taxes

– revenue bonds that require levy of taxes if revenues are inadequate

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Examples of Community Facilities Community Health Care (In conjunction with the Department of Health and Human Services) Animal Shelter Dental Clinic Nursing Home Outpatient Care Physicians Clinics Cultural and Educational All Purpose Building-College Campus College Educational Camp for Physical & Mentally Handicapped Library Museum Open Air Theater Public School School Maintenance & Equipment Service Center Vocational School Energy Transmission & Distribution Electric Equipment Maintenance Building Electrical Service Low Head-Hydroelectric Plants Natural Gas Distribution Fire Rescue & Public Safety Civil Defense Building Communications Center Fire Department Fire Trucks Jail Mobile Communications Center Multiservice-Fire/Rescue Police Station Rescue & Ambulance Service Rescue & Ambulance Service Equipment Building Health Care Boarding Home for Elderly (Ambulatory Care) Dental Clinic Hospital (General & Surgical) Medical Rehabilitation Center Nursing Home Outpatient Care Physicians Clinics Vocational Rehabilitation Center Assisted Living

Other Facilities Agricultural Fairgrounds Dike Oceanfront Protection Social Services Building Sprinkler System Solid Waste Disposal Facilities & Equipment Public Building & Improvements Adult Day Care Center Child Day Care Center City Hall Civic Center Community Health Department Office Building Community Center County Courthouse Courthouse Annex Data Processing Center Food Preparation Center Heating Plant for Public Buildings Home for Delinquents Public Maintenance Building Transportation Airport Hanger Bridge City Airport Municipal & County Garage Off-Street Parking School Buses Sidewalks Street Improvement Street Maintenance Equipment

Internet Addresses

USDA Home Page

www.usda.gov

Rural Development Home Page

www.rurdev.usda.gov

OPWC Loan Program

SCIP Loans

Minimum of 20% of each District’s annual allocation must be awarded in the 

form of loans and/or credit enhancement 

Repayments from SCIP loans are recycled back to each 

district through the Revolving Loan Program

RLP Loans

Allocations will be provided each program year based on the actual cash received from SCIP loan repayments 

within each district

Terms go up to 30 years, not to exceed project useful life

Rates range from 0 to 3% and are defined by the Districts

Loans can cover up to 100% of project costs and are not paid on until construction is complete.

Loans can be paid in full at any time without penalty

Per ORC 133.04 B(7) State Capital Improvement Loans are exempt from the calculation of net‐indebtedness

Loan Application received, scored and, if applicable, approved 

by District

Funded applications sent to OPWC and 

reviewed by Program Rep and Loan Officer.

Once app is complete, project is signed by OPWC Director and released on July 1

Local government returns application & signs Promissory Note.

Upon submission and approval of  Request to Proceed, project construction begins.

When construction is complete the loan is entered into billing

Invoices sent out biannually in July and January each year for 

term of loan

New OPWC Loans 

Biannual Loan Repayment Figures

Currently OPWC has nearly 2,300 loans in billing for July  2013 and 450 active loans still under construction. 

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