Environmental Facilities Corporation

Agency Web Site: https://www.efc.ny.gov/

Mission

The Environmental Facilities Corporation (EFC) is a public benefit corporation that promotes 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.

EFC’s largest program is the Clean Water State Revolving Fund (CWSRF). This program, administered jointly with the Department of Environmental Conservation (DEC), 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 (DOH), also administers the Drinking Water State Revolving Fund (DWSRF), 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 DWSRF. Administration of these programs is also supported with a portion of the Federal Capitalization Grant and fees charged on financings.

EFC also administers other funding programs including the Industrial Finance Program and the Clean Vessel Assistance Program (in conjunction with DEC). In addition, technical assistance is provided through its New York City Watershed Programs and Small Business Environmental Assistance Program.

Budget Highlights

The 2012-13 Executive Budget would eliminate the practice of appropriating EFC’s administrative share of Federal grants and fees generated by the Corporation. Appropriation is unnecessary, as these funds flow directly to the Corporation. This change would make EFC consistent with other public authorities that budget their funds directly and would eliminate unnecessary administrative functions at EFC, DEC, and the Office of the State Comptroller.

For more information on this agency's budget recommendations located in the Executive Budget Briefing Book, click on the following link:

Briefing Book – Environment and Energy (PDF)

ALL FUNDS APPROPRIATIONS
All amounts are in dollars
Category	Available 2011-12	Change From 2011-12	Reappropriations Recommended 2012-13
State Operations	12,310,000	(12,310,000)	0
Capital Projects	343,000	(343,000)	343,000
Total	12,653,000	(12,653,000)	343,000

PROJECTED LEVELS OF EMPLOYMENT
Full-Time Equivalent Positions (FTE)
Program	2011-12 Estimated FTEs 03/31/12	2012-13 Estimated FTEs 03/31/13	FTE Change
Administration
Special Revenue Funds - Other	88	0	(88)
Total	88	0	(88)

Note: Most recent estimates as of 1/17/2012

Click for additional detailed appropriation tables

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