Drinking Water SRF Program

  • In 1996 Congress amended the Safe Drinking Water Act (SDWA), to include the Drinking Water State Revolving Loan Fund (DWSRF) to assist eligible water systems in financing the cost of infrastructure needed to comply with SDWA requirements.

    Project & Financial Manager

    The Bond Bank and DHHS jointly administer the DWSRF. The Bond Bank serves as the administrator and financial manager and DHHS serves as the project manager for the program.

    Eligible Borrowers

    All public and private water systems.

    Eligible Projects

    • Public Health Projects
    • Treatment Facilities
    • Aging Infrastructure
    • Main Replacement
    • SDWA Compliance
    • Land Acquisition

    All projects that receive financing from the DWSRF program must first be placed upon the DHHS project priority list and then go through the DHHS approval process. Placement on the list is based on the standards and guidelines set forth by the SDWA and the priority ranking parameters established by the State of Maine’s Intended Use Plan.

    Application Deadline

    Applications are accepted continuously during the year.


    At or below-market interest rates.

    Minimum/Maximum Loan Amount

    There is no minimum loan amount. The DHHS will determine the maximum loan amount based on availability of funds and project eligibility.

    Issuance Costs & Fees

    • Pro rata share of the issuance cost associated with a bond issue (if applicable)
    • DHHS Project Management fee – 1% of the loan amount
    • Bond Bank servicing fees – 5.0% of the annual debt service payment

    As costs associated with the SRF program change periodically, please visit our website or contact the Bond Bank for a current fee schedule.


    Between 1 and 20 years and 30 years for disadvantaged communities. In all cases, the maximum loan term may not exceed the useful life of the financed asset. Short-term, interim loans are available to applicants.

    Repayment Schedule

    Payments are due twice a year, in April and October. The first principal payment is due within one year from project completion.

    Loan Proceeds

    Both interim and long-term financing options require that the funds be drawn-down through requisitions, as the SRF is a reimbursement program.

    If you’d like to invest in municipal tax-exempt bonds, please click here.

    Download a printable PDF version of the information above.

  • Drinking Water SRF - Districts Application

    Drinking Water SRF - Private Application

    Drinking Water SRF - Emerging Contaminant (EC) Application

    Drinking Water SRF - Towns & Cities Application

    Amortization Estimate

    Click here to generate an amortization estimate.

    Bond Counsel

    Local bond counsel serves a critical role in confirming the legality of debt issuances. Engaging counsel in the early stages will ensure that they will be able to provide a legal opinion, which is a loan program participation requirement.
    Download a printable PDF version of our approved list of bond counsel.

    Advantages in using MMBB

    • The Bond Bank’s strong credit rating
    • Access to capital market and low tax-exempt interest rates
    • Supportive process from application to receipt of funds

    Contact Information

    • Jeremy McDaniel
      SRF Program Officer
      (207) 622-9386 ext. 220
    • Kristi Lamoreau
      SRF Program Officer
      (207) 622-9386 ext. 227
    • Melody Piper
      SRF Program Assistant
      (207) 622-9386 ext. 215