Established as part of the Clean Water Infrastructure Act of 2017 (L. 2017, c. 57, Part T), the Septic System Replacement Fund provides a source of funding for the replacement of cesspools and septic systems in New York State and seeks to reduce the environmental and public-health impacts associated with the discharge of effluent cesspools and septic systems on groundwater used as drinking water, as well as threatened or impaired water bodies.
The Clean Water Infrastructure Act of 2017 authorizes the provision of expedited emergency financial assistance to municipalities for wastewater and drinking water infrastructure emergencies. The amount of financial assistance provided to any municipality will be based on the reasonable costs immediately necessary to address the emergency. The financial assistance is a loan to be repaid within one year.
The Clean Vessel Assistance Program (CVAP) provides grants to marinas for the installation, renovation, and replacement of pumpout stations for the removal and disposal of recreational boater septic waste. The program is federally funded through the United State Fish and Wildlife Service and is administered by the New York State Environmental Facilities Corporation.
The East of Hudson Septic System Rehabilitation Reimbursement Program, formerly known as the Kensico program, provides reimbursement to property owners in targeted NYC Watershed Basins to assist in the cost of rehabilitating their failing septic system.
The Industrial Finance Program (IFP) assists clients in managing their wastes, control pollution, building and improving drinking water, wastewater, and solid waste facilities, and complying with environmental regulations. IFP low-cost loans are financed through proceeds of special obligation revenue bonds issued by EFC and are backed by the credit of the borrower.