The Drinking Water State Revolving Fund (DWSRF) was established to fund drinking water capital projects that protect the public health. The program is federally seeded, but states are required to provide 20 percent matching funds. In North Carolina, these funds are made available at one-half (1/2) of the market rate for a period of up to 20 years. The actual term of the loan is determined by the State Treasurer's Office and an administrative funding fee of 2.00% is charged and made payable upon award of funding according to 15A NCAC 01N .0203.

All funded projects must address a threat to public health (as described in 15A NCAC 01N and the Operating Agreement).   Eligible applicants include units of local government and certain non-profit water corporations.  Further information about the program can be found on the DWSRF Loan Program web page.