The mission of the Maryland Water Quality Financing Administration (WQFA) is to provide low interest rate loans under the two Revolving Loan Fund Programs and grants under the State Bay Restoration Fund Program for:
Background and Purpose
The Maryland Water Quality Financing Administration was created during the 1988 session of the Maryland General Assembly as a component unit of the State of Maryland.
The key purpose is to encourage capital investment for wastewater and drinking water projects pursuant to the Federal Clean Water Act of 1987 and the Federal Safe Drinking Water Act and Amendments of 1996. During 2004, Maryland legislature established the Bay Restoration Fund (BRF) that provides for a dedicated source of revenue by assessing a $30/year per equivalent dwelling unit fee to all homes and businesses connected to wastewater treatment plants and a $30/year fee to each user of an on-site septic system. The statute allocates 60% of the BRF Septic fees to MDE and 40% to the Maryland Department of Agriculture for the Cover Crop Program.
The WQFA administers two loan programs and two grant programs:
Both loan programs receive federal funding from the United States Environmental Protection Agency (EPA) and offer below market interest rate loans to eligible borrowers, while ensuring the perpetuity of the revolving funds.
The WQFA is authorized to issue revenue bonds subject to approval of the State Board of Public Works and Secretary of the Maryland Department of the Environment. Bonds issued by the WQFA do not constitute a debt or the full faith and credit pledge of the State or any political subdivision. The bonds are paid solely from WQFA revenues as pledged under the bond indenture for each of the above Funds.
For additional information, please call (410) 537-3119.
1800 Washington Boulevard, Baltimore, MD 21230