&EPA
      United States
      Environmental Protection
      Agency
    CENTER FOR ENVIRONMENTAL FINANCE
 Answering the "How to Pay" Question of Environmental Stewardship and Compliance
                                                                              November 2015
CEF  Moves to  the Office  of Water
During the summer, EPA's Administrator Gina McCarthy made the decision to
move the Center for Environmental Finance (CEF) from the Office of the Chief
Financial Officer (OCFO) to the Office of Water. Effective September 6, the CEF
joined the team that will make up the new Water Infrastructure Resiliency and
Finance Center within the Office of Wastewater Management.

CEF and the Environmental Finance Program had operated within OCFO and its
predecessor, the Office of the Comptroller since 1988. During its time in OCFO,
the CEF was highly successful in working with federal, state, and local agencies,
along with the private sector and others in the regulated community, learn how to
pay for environmental facilities and services and acquire the tools and resources
they need to meet environmental requirements.

CEFs accomplishments include:

•  Creation and management of the Environmental Financial Advisory
   Board (EFAB) - EFAB was established and chartered in  1989 under the Fed-
   eral Advisory Committee Act and provides EPA with a cross-media, intergov-
   ernmental perspective on environmental and economic goals while emphasiz-
   ing cost-effective, risk-based approaches and public-private partnerships.

•  Creation and management of the Environmental Finance Center Grant
   Program - EFCs work with the public and private sectors to promote a sus-
   tainable environment, bolstering efforts to address difficult how-to-pay issues.
   Clients are typically communities that lack the management capacity to ad-
   dress these issues on their own.

*  Lunch and Learn Program - CEF contributes to agency expertise by bring-
   ing in environmental finance experts to discuss with interested employees
   various environmental community projects, the development and application
   of innovative tools, and proven financial approaches.

*  Guidebook of Financial Tools (Domestic and International) - Reference
   documents designed to assist interested parties with finding the means of
   financial environmental protection initiatives appropriate to their community
   needs.

*  Environmental Finance Website - The environmental finance information
   network is designed to provide information on innovative financing alterna-
   tives for state and local environmental programs, small businesses, and the
   general public, and is one of EPA's most popular.
                                                                   "CEF has created a
                                                                   strong foundation on
                                                                   which OW can build the
                                                                   new Water Infrastructure
                                                                   and Resiliency Finance
                                                                   Center. I would like to
                                                                   thank the CEF staff for
                                                                   all of their accomplish-
                                                                   ments...."

                                                                                David A. Bloom
                                                                     Deputy Chief Financial Officer
                                                                      In This  Issue
                                                                    . CEF Moves to the
                                                                      Office of Water
                                                                    . Selection of EFC
                                                                      Grant Recipients
                                                                     . EFAB Recruits New
                                                                      Members
                                                                  EPA-800-N-15-001

-------
Selection of  Environmental  Finance Center Grant Recipients

The U.S. Environmental Protection Agency has selected eight universities and one technical assistance provider to receive grant
awards through the Environmental Finance Center Grant Program. Awardees were selected through a competitive grants process,
administered by EPA. Applications were accepted from public and private non-profit universities and colleges and non-profit organi-
zations subject to 2 CFR part 200.

Under this grant program (FY 2016-2021), the EFCs will operate across the nation to provide multi-media environmental financial
expertise and technical assistance to regulated communities (e.g., states, tribes, local governments, and the private sector). The
selected EFCs will help address the growing costs of protecting public health and the environment in a sustainable manner and
develop solutions to the critical "how-to-pay"  issues associated with meeting environmental goals.

This selection of EFC recipients will provide environmental financing services covering 44 states and 6 U.S. territories. EPA is in
the process of announcing another competition to solicit eligible applicants to support communities in the remaining states of Mon-
tana, Wyoming, North Dakota, South Dakota, Utah, and Colorado.

Awardees

University of Southern Maine
Serving EPA Region 1: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont

Syracuse University
Serving EPA Region 2: New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands

University of Maryland
Serving EPA Region 3: Delaware, District of Columbia, Maryland, Pennsylvania, Virginia, and West Virginia

University of North Carolina @ Chapel Hill
Serving EPA Region 4: Alabama,  Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

Michigan Technological University
Serving EPA Region 5: Illinois, Indiana, Michigan, Ohio, and Wisconsin

University of New Mexico
Serving EPA Region 6: Arkansas, Louisiana, New Mexico, Oklahoma, and Texas

Wichita State University
Serving EPA Region 7: Iowa, Kansas,  Missouri, and Nebraska

California State University @ Sacramento
Serving EPA Region 9: Arizona, California, Hawaii, Nevada, American Samoa, Commonwealth of the Northern Mariana Islands,
Federated States of Micronesia, Guam, Marshall Islands, and Republic of Palau

Rural Community Assistance Corporation
Serving EPA Region 10: Alaska, Idaho, Oregon, and Washington
For more information on the Environmental Finance Center' Program, please visit: http://www2.epa.gov/envirofinance/efcn

-------
Current EFAB

Projects

.    P3s for Water
    Infrastructure
    Projects

•    Financing
    Stormwater and
    Green Infrastructure
    Programs

•    Financing O&M
    Costs at Green
    Infrastructure Sites

.    Financing Pre-
    Development
    Activities in
    Communities

•    Affordability
    Challenges in the
    Water Sector

•    Financial Capacity
    Development for
    Small Drinking/
    Waste water
    Systems
EFAB  Recruits  New Members

EFAB is an independent advisory committee chartered in 1989 under FACA which
provides a role for the public to participate actively in the federal governments
decision-making process. The FACA allows the government to draw on the exper-
tise of committee members, providing federal officials information and advice on a
broad range of issues affecting federal policies and programs.

EFAB's membership consists of experts from the finance and banking communi-
ties, business and industry, national organizations, state and local governments,
and academia.

From our last solicitation for new membership to the Board, EFAB recruited seven
new members. They represent a wide range of diversity and expertise in their
fields and will be a great asset to EFAB and the EPA. They are as follows:

Mr. Aurel M. Arndt, General Manager and CEO
Lehigh County Authority
Macuhgie, PA

Mr. Jeff Walker, Deputy Executive Administrator
Texas Water Development Board
Austin, TX

Mr. Courtney Knight, Managing Director
Invest Atlanta
Atlanta, GA

Ms. Hope Cupit, President and CEO
Southeast RCAP
Roanoke, VA
                              Mr. Jeff Hughes, Director
                              University of North Carolina
                              Chapel Hill, NC
                       ! Chapel Hill EFC
                              Ms. Joanne Throwe, Deputy Director
                              Maryland Department of Natural Resources
                              Annapolis, MD

                              For more information on the Environmental Financial Advisory Board, please visit:
                              http:www2.epa.gov/envirofinance/efab

-------