Environmental Facilities Corporation
skip breadcrumbs| All amounts are in dollars |
| Category | Available 2007-08 |
Appropriations Recommended 2008-09 |
Change From 2007-08 |
Reappropriations Recommended 2008-09 |
|---|---|---|---|---|
| State Operations | 13,552,000 | 13,828,000 | 276,000 | 0 |
| Capital Projects | 4,743,000 | 343,000 | -4,400,000 | 5,686,000 |
| Total | 18,295,000 | 14,171,000 | -4,124,000 | 5,686,000 |
| Full-Time Equivalent Positions (FTE) |
| Program | 2007-08 Estimated FTEs 03/31/08 |
2008-09 Estimated FTEs 03/31/09 |
FTE Change |
|---|---|---|---|
| Administration | |||
| Special Revenue Funds - Other | 88 | 98 | 10 |
| Clean Water/Clean Air Administration Program | |||
| Capital Projects Funds - Other | 4 | 2 | -2 |
| Total | 92 | 100 | 8 |
Note: Most recent estimates as of 01/22/08.
Mission
The Environmental Facilities Corporation (EFC) is a public benefit corporation whose mission is to promote environmental quality by providing low cost financing and technical assistance to municipalities, businesses and State agencies for environmental and public health projects in New York State.
The Environmental Facilities Corporation's largest program is the Clean Water State Revolving Fund. This program, administered jointly with the Department of Environmental Conservation, provides reduced interest rate financing to municipalities for infrastructure projects that control water pollution. EFC, in conjunction with the New York State Department of Health, also administers the Drinking Water State Revolving Fund, which provides reduced interest rate financing and grants to community and private water systems for safe drinking water projects. A Federal grant and corresponding State match provide funding for these programs. The Clean Water/Clean Air Bond Act provides a State match for the Drinking Water State Revolving Fund. Administration of these programs is also supported with a portion of the Federal Capitalization Grant and fees charged on financings.
The Environmental Facilities Corporation also administers other funding programs including the Financial Assistance to Business, Industrial Finance, Pipeline for Jobs, Beginning Farmer, and the Clean Vessel Assistance Program (in conjunction with the Department of Environmental Conservation). It also provides technical assistance through its New York City Watershed Programs and Small Business Environmental Assistance Program.
Budget Highlights
The Executive Budget recommends more than $14 million for the Environmental Facilities Corporation (EFC). This is a decrease of just over $4 million from the 2007-08 budget resulting from a one-time deficiency appropriation for the Environmental Farm and Resource Management (EFARM) program. In addition, State funds are included in the Department of Environmental Conservation and Department of Health's capital budgets for the required match to Federal funding for the Clean Water State Revolving Fund and Drinking Water State Revolving Fund programs.
The Environmental Facilities Corporation will have a 2008-09 workforce of 100, an increase of eight from 2007-08 levels, while also continuing to support approximately $1.5 million in staffing at the Department of Environmental Conservation who are assigned administratively to the Corporation.
Corporate operations are funded by:
- Financing fees and annual fees charged to recipients that receive Revolving Fund loans and a portion of State and Federal grants made for the Clean Water and Drinking Water programs; and
- User fees paid by businesses, municipalities, and industrial clients for the Corporation's technical and financial services.
2008-09 Executive Budget — Agency Presentation
Environmental Facilities Corporation (PDF)