Get NEVADA DIVISION OF ENVIRONMENTAL PROTECTION APPLICATION FORM FOR STATE REVOLVING FUND LOAN PROGRAM

The State Revolving Fund provides loans for drinking water and wastewater infrastructure construction projects to publicly-owned and privately -owned systems in Nevada. Financing is available at below market rates and some communities may qualify for principal forgiveness loans.

The activity financed by a revolving fund will collect receipts from the public or other federal agencies and use those receipts to finance the fund's ongoing operations. Often, the activity supported by a revolving fund will become self-sustaining, eliminating the need for future annual appropriations.

A revolving fund is where funds are set aside for the purpose of purchasing properties with natural or cultural values, placing a conservation covenant on the title and reselling the land to conservation-minded people.

Brownfields Revolving Loan Fund (RLF) Grant Program Under this program, local government agencies, nonprofit organizations, and tribes who are not considered to be responsible parties could be eligible for a grant to help with the cost of implementing a hazardous substance or petroleum cleanup.

A revolving fund account (sometimes referred to as an imprest fund) is established by the legislative body for specific amounts and uses. As funds are spent, they are replaced to their codified level by a check or warrant drawn and charged to the applicable fund. This is the “revolving” aspect of such accounts.

Revolving funds, established for the purpose of carrying out specific activities, institute a basis under which financing for the cost of goods or services furnished to or by a government agency originate. Revolving funds are to be replenished through charges made for such goods or services.

Revolving loan funds (RLFs) use a source of capital, typically offered by a local or state government, to make direct loans to borrowers for clean energy projects. Proceeds from loan repayments flow back into the fund and become available to lend again.

In its strictest economic definition, a revolving fund is often established with capital that does not need to be repaid, but can be replenished through charges made for the goods and services produced as a result of the initial capital.