3) Courtland Garage: 227 Courtland St, Atlanta, GA 30303. [1], The Georgia Land Conservation Program offers grants and low-interest loans for fee title or conservation easement purchases from the Georgia Land Conservation Revolving Fund. Once GEFA receives and reviews this information, GEFA will send the taxpayer a confirmation that must be attached to the Department of Revenue Form IT-CEP-AP in order to apply for the credit. Georgia Environmental Finance Authority 233 Peachtree St NE Ste 900 Atlanta, GA 30303 404-584-1000 (Main) 404-584-1069 (Fax)Contact Us Contact Information | Georgia Environmental Finance Authority Skip to main content 233 Peachtree St NE West Tower, Suite 702
GEFA was created by the Legislature as the Georgia Environmental Facilities Authority in 1985 to assist local governments in “constructing, extending, rehabilitating, repairing and renewing environmental facilities.” Most importantly, it was also created to aid in the “financing of such needs by providing grants, loans, bonds and other assistance to local governments.” Originally, GEFA was only authorized to make loans for water supply or wastewater treatment and related facilities. The Energy Resources Division promotes energy efficiency, renewable energy, and energy assurance programs that improve the environment, strengthen quality of life, and stimulate sustainable economic development and growth. Atlanta, GA 30334 Due to the COVID-19 virus, GEFA staff are working remotely—with minimal staff in the office—to ensure our programs continue operating smoothly. The Water Stewardship Act of 2010 applies to public water systems serving over 3,300 in population. Georgia DOT is soliciting public comment about its DBE program and it’s DBE participation goals for Federal Fiscal years (FFYs) 2021-2023. The Georgia Environmental Finance Authority (GEFA) is an agency of the U.S. state of Georgia that directs programs that work to conserve and improve Georgia's energy, land and water resources. Tax revenues are decreasing: More than 2 million Georgians lost their jobs and thousands of companies were forced to suspend operations. Instead, please call for assistance between 8am and 6pm, Monday - Friday.
The Georgia Environmental Finance Authority (GEFA) is an agency of the State of Georgia, created by an act of the General Assembly in 1983, specifically to provide low interest water and wastewater loans to Georgia's local governments.
State of Georgia government websites and email systems use “georgia.gov” or “ga.gov” at the end of the address. Its net assets (net position) were $2.4 billion. The rapidly expanding operations of GEFA raise concerns not only about mission creep but about the use of taxpayer dollars. Please About Us About the Executive Director Board of Directors Contact Information Current Program Activities and Benefits This would put GEFA among the 10 largest financial institutions headquartered in the state of Georgia. GEFA started as a small agency with a small pool of capital and a relatively low loan limit. Public Notice: Notice of Draft Groundwater Withdrawal Permit – Georgia Pacific – Cedar Springs, Early County – August 26, 2020. Join the Georgia DOT for our weekly DBE Goals consultation meetings, occurring on consecutive Fridays beginning July 31 through September 4, 2020. An official website of the State of Georgia.
Georgians voted on the constitutional amendment on November 2, 2010, it passed and the amendment was made effective January 1, 2011. In 2010, Governor Nathan Deal signed SB194, companion legislation to Senate Resolution 1231. Atlanta, GA 30303 The state faces a critical moment in which it is important to reduce overall budget liabilities.
Electricity A significant development in Georgia’s electricity market is the growing significance of natural gas to the state’s electric generation mix. The decline in tax revenues as a result of the pandemic will require spending cuts across all state agencies, given the constitutional mandate to create a balanced budget. Small and Disadvantaged Communities Drinking Water Grant, Additional Supplemental Appropriations for Disaster Relief Act Call for Projects, Independent Registered Municipal Advisor Exemption, Facebook page for Georgia Environmental Finance Authority, Twitter page for Georgia Environmental Finance Authority, Linkedin page for Georgia Environmental Finance Authority, YouTube page for Georgia Environmental Finance Authority, Click here to learn more about the changes to our business operations. By offering loans at a below-market interest rate, thanks to the taxpayer subsidy, GEFA crowds out private-sector solutions for developing public facilities in markets with AA and AAA bond ratings. Using conservative estimations, we can project that approximately $250 million would be available for immediate monetization to the state after accounting for normal securitization procedures (such as the variance in interest rates among loans, insuring and stress-testing the portfolio, and discounting the cash flows to adjust for current market rates). First, GEFA’s General Fund is funded mainly through general tax revenues. Georgia Environmental Finance Authority (GEFA) Funding State Environmental Review Process (SERP) Any domestic wastewater facility that wishes to receive funding from the State Revolving Loan Fund (SRF) must undergo an in-depth environmental review and approval process by EPD. An official website of the State of Georgia. Dr. Antonio Saravia is Associate Professor of Economics and Director of the Center for the Study of Economics and Liberty at Mercer University and Chris Denson is Director of Policy and Research at the Georgia Public Policy Foundation. 09/03/2020 . GEFA provides loans for water, sewer and solid waste infrastructure; manages energy efficiency and renewable energy programs; oversees land conservation projects; and manages and monitors state-owned fuel storage tanks. Before sharing sensitive or personal information, make sure you’re on an official state website. These programs include the Weatherization Assistance Program, the State Energy Program and Energy Performance Contracting. GEFA typically offers loans with an additional 1% discount off the rate of the state’s general obligation bonds. Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. For more information about COVID-19 in Georgia, please visit our resource page or call the Georgia COVID-19 hotline at 844-442-2681. In 2006, GEFA added the Georgia Land Conservation Program, which it administers under the guidance of the Land Conservation Council. Limiting the pool of funds available for allocation would also reduce the overall exposure for state taxpayers. Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. In July 2010, GEFA changed its name to the Georgia Environmental Finance Authority to better reflect its investment in energy, land and water resources. [2], The Fuel Storage Tank Program is responsible for monitoring, upgrading, replacing or closing underground and aboveground state-owned fuel storage tanks. Reducing the size and reach of GEFA will accomplish two different goals: to save millions of dollars for Georgia that can help reduce the budget shortfall, and to recalibrate the discussion about privatization of municipal services. The Water Resources Division supports the development of water, wastewater, and solid waste infrastructure projects, which help protect the environment, facilitate economic development, accommodate population growth, and safeguard public health.
Due to the COVID-19 virus, GEFA staff are working remotely—with minimal staff in the office—to ensure our programs continue operating smoothly. Its net assets (net position) were $2.4 billion. SB194 is a constitutional amendment allowing state agencies to finance a multi-year energy savings performance contract and designates GEFA as the lead agency for facilitating the program. The Foundation provides actionable solutions to real-life problems by bringing people together. GEFA’s Georgia Fund) was $488.1 million. Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. In 1989 it was also authorized to make loans to fund solid waste management facilities. The Fiscal Services Division provides accounting, financial underwriting and loan servicing for GEFA programs.
This crucial move would allow Georgia to address the short-term financial difficulties imposed by the COVID-19 crisis, as well as allow for long-term gains in terms of investment as our metropolitan areas continue to grow. Before sharing sensitive or personal information, make sure you’re on an official state website. To date, GEFA has provided more than $4.5 billion in low-interest loans to cities, counties, and infrastructure authorities for improvements to water, wastewater, and solid waste systems. State of Georgia government websites and email systems use “georgia.gov” or “ga.gov” at the end of the address. An official website of the State of Georgia. Unfortunately, the page you're looking for is no longer available at this address. To date, GEFA has provided more than $3 billion in low-interest loans to cities, counties and infrastructure authorities for improvements to water, sewer and solid waste systems. The Fiscal Services Division provides accounting, financial underwriting, and loan servicing for Georgia communities, including reviewing and recommending loan awards. GEFA, founded in 1985 with a first-year appropriation of $20 million, was created to provide local governments with easy access to inexpensive financing for water and sewer system improvements.
2 Martin Luther King Jr. Dr. How you know. This publication was developed by Southface Institute in partnership with the Georgia Environmental Finance Authority (GEFA). The requirements outlined in the Act apply for water withdrawal permit renewals and modifications to increase permitted water withdrawal limits. There is, however, $488.1 million available in the “Georgia Fund” portion derived from state taxes. The pandemic has brought tremendous challenges. Those funds are then used to offer loans to local governments, which repay them using local taxes and debt. In fiscal year 2019, GEFA provided more than $248 million to 55 infrastructure projects in communities across Georgia.
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