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Water Infrastructure and Resiliency Finance Center

Environmental Financial Advisory Board (EFAB) Advisory Reports

<< EFAB Main Page

The Environmental Financial Advisory Board (EFAB) is a Federal Advisory Committee that provides advice and recommendations to EPA's Administrator and regional and program offices on ways to lower the costs of, and increase investments in, environmental and public health protection. This advice is provided in the form of consultations, advisory reports and letters.

Click on the Year-Month column header to see the most recent reports.

Year -
Month
Report Program Area EFAB Mission Area
2020
April

Consultation on Financing and Governance Options for the Backhaul Alaska Program(April 2020)

Solid/Hazardous Waste Innovative/Cost-Effective Financing, Small Community Financing, Sustainability and Resiliency
2020
March
 

Evaluating Stormwater Infrastructure Funding and Financing(March 2020)

State Revolving Funds, Stormwater Innovative/Cost-Effective Financing, State and Local Capacity (including TMF), Sustainability and Resiliency
2019
August

Revenue Options for a Waste Backhaul Service Program in Rural Alaska(August 2019)

Solid/Hazardous Waste Small Community Financing, State and Local Capacity (including TMF), Sustainability and Resiliency
2019
June

Funding for Pre-Disaster Resiliency(June 2019)

Stormwater State and Local Capacity (including TMF), Sustainability and Resiliency
2019
June

A Decision-Maker's Guide to Alternative Service Delivery Options for Public Utility Projects (June 2019)

Drinking Water, Wastewater Innovative/Cost-Effective Financing, Public Private Partnerships and Alternative Financing
2019
April

Funding Strategies to Promote System Regionalization(April 2019)

Affordability, Drinking Water, State Revolving Funds, Wastewater State and Local Capacity (including TMF), Sustainability and Resiliency
2018
November

Illustrative Private Equity Capital Models for Chesapeake Bay TMDL Project Report(December 2018)

Watersheds/Ecosystems Incentives for Private Investment, Innovative Investment Models 
2017
December
Financing Strategies for Domestic Recycling Programs (PDF)(22 pp, 1.6 MB, December 2017, About PDF) Solid/Hazardous Waste Innovative Investment Models , Sustainability and Resiliency
2017
November
Funding Strategies for Decentralized Wastewater Systems (PDF) (28 pp, 2.1 MB, November 2017, About PDF) Affordability, State Revolving Funds, Wastewater Innovative/Cost-Effective Financing, Small Community Financing, Sustainability and Resiliency
2017
October
Financing Lead Risk Reduction (PDF)(81 pp, 1.6 MB, October 2017, About PDF) Drinking Water, State Revolving Funds Innovative Investment Models, Sustainability and Resiliency
2017
June

Infrastructure Investment Letter to the Administrator(June 2017)

Drinking Water, Wastewater Public Private Partnerships and Alternative Financing, State and Local Capacity (including TMF)
2017
February
Green Infrastructure Operations & Maintenance Finance(February 2017) Green Infrastructure Innovative Investment Models, Public Private Partnerships and Alternative Financing, Sustainability and Resiliency
2016
February
Developing Dedicated Stormwater Revenues (PDF)(16 pp, 671 K, March 2016, About PDF) Stormwater State and Local Capacity (including TMF)
2016
February
Financial Capacity Development for Small Drinking/Wastewater Systems (PDF)(10 pp, 410 K, March 2016, About PDF) Affordability, Drinking Water, Wastewater Small Community Financing, State and Local Capacity (including TMF), Sustainability and Resiliency
2016
February
Household Affordability Challenges in the Water Sector (PDF)(16 pp, 792 K, March 2016, About PDF) Affordability, Drinking Water, Wastewater Sustainability and Resiliency
2016
February
Financing Pre-Development Activities in Communities (PDF)(8 pp, 506 K, March 2016, About PDF) Drinking Water, Wastewater Innovative/Cost-Effective Financing, State and Local Capacity (including TMF)
2014
December

Small Water Systems in Puerto Rico(December 2014)

Affordability, Drinking Water Small Community Financing, State and Local Capacity (including TMF)
2014
September

Financial Capability Assessment Framework(September 2014)

Affordability, Stormwater, Wastewater State and Local Capacity (including TMF), Sustainability and Resiliency
2014
July

Transit-Oriented Development (TOD) Report(July 2014)

Transportation/Smart Growth Public Private Partnerships and Alternative Financing, Sustainability and Resiliency
2014
January

Utilizing SRF Funding for Green Infrastructure Projects(January 2014)

Green Infrastructure, State Revolving Funds Innovative/Cost-Effective Financing, Innovative Investment Models
2014
January
Municipal Energy Efficiency and Greenhouse Gas Emissions Reduction: Financing and Implementing Energy Efficiency Retrofits in City-Owned Facilities(January 2014) Energy Efficiency/Renewables Innovative/Cost-Effective Financing, Small Community Financing, Sustainability and Resiliency
2013
August
Financing Tribal Environmental Programs (PDF)(14 pp, 4.4 MB, August 2013, About PDF) International and Tribal Environmental Protection Accounting and Disclosure Standards, Tribal Capacity
2012
July
Eliminating Barriers to Tribal Environmental Projects (PDF)(4 pp, 176 K, July 2012, About PDF)) International and Tribal Environmental Protection Tribal Capacity
2012
January
Financing Clean Air Technology Letter (PDF)(6 pp, 938 K, January 2012, About PDF) Air Incentives for Private Investment
2011
May
Voluntary Environmental Improvement Bond (VEIB) Programs: EFAB's response to FHFA report (PDF)(37 pp, 1.5 MB, May 2011, About PDF) Energy Efficiency/Renewables, Green Infrastructure Innovative/Cost-Effective Financing, Incentives for Private Investment, Innovative Investment Models
2011
February
SRF Investment Function: Current Status and Prospects for Enhancing SRF Sustainability (PDF)(196 pp, 4.6 MB, February 2011, About PDF) State Revolving Funds Innovative/Cost-Effective Financing, Innovative Investment Models 
2010
December
Financial Assurance: Report on Improving Cost Estimation and Letter on the Use of Credit Ratings (PDF)(16 pp, 217 K, December 2010, About PDF) Solid/Hazardous Waste Innovative/Cost-Effective Financing
2010
March
Financial Assurance for Underground Carbon Sequestration Facilities (PDF)(10 pp, 355 K, March 2010, About PDF) Drinking Water Incentives for Private Investment, Innovative Investment Models 
2010
March
Financing Mechanisms for Reducing Greenhouse Gas Emissions, and Other Air and Water Pollution Problems (PDF)(9 pp, 962 K, March 2010, About PDF) Air, Energy Efficiency/Renewables Innovative Investment Models, Sustainability and Resiliency
2010
March
Water Loss Reduction: Financing Mechanisms for Drinking Water Distribution Systems (PDF)(47 pp, 626 K, March 2010, About PDF) Drinking Water, State Revolving Funds Innovative/Cost-Effective Financing, Small Community Financing
2010
February
Financial Assurance: Commercial Insurance as a Financial Assurance Tool (PDF)(20 pp, 346 K, February 2010, About PDF) Solid/Hazardous Waste Innovative Investment Models 
2009
June
VEIBs: An Innovative, Local, Environmental Finance Concept for Mitigating Air and Water Pollution(19 pp, 310 K, June 2009, About PDF) Air, Energy Efficiency/Renewables, Watersheds/Ecosystems Innovative Investment Models 
2009
June
Financial, Underwriting, Risk Mitigation and Consumer Protection Considerations for the Adoption of VEIB Programs(19 pp, 310 K, June 2009, About PDF) Air, Energy Efficiency/Renewables, Watersheds/Ecosystems Innovative/Cost-Effective Financing, Incentives for Private Investment, Innovative Investment Models
2008
August
Public-Private Partnerships in the Provision of Water and Wastewater Services: The Canadian Experience (PDF)(12 pp, 460 K, August 2008, About PDF) Drinking Water, International and Tribal Environmental Protection, Wastewater Public Private Partnerships and Alternative Financing
2008
August
Relative Benefits of Direct and Leveraged Loan Approaches for State Revolving Fund (SRF) Programs (PDF)(54 pp, 1.2 MB, August 2008, About PDF) State Revolving Funds Innovative/Cost-Effective Financing
2008
April
Environmental Management Systems and the Use of Corporate Environmental Information by the Financial Community (PDF)(42 pp, 3.4 MB, April 2008, About PDF) Environmental Information Incentives for Private Investment
2008
April

Public Private Partnerships in the Provision of Water and Wastewater Services: Barriers and Incentives (PDF)(55 pp, 1.2 MB, April 2008, About PDF)

Drinking Water, Wastewater Incentives for Private Investment, Public Private Partnerships and Alternative Financing
2007
November
SmartWay Transport Program: Innovative Finance Programs for Air Pollution Reduction (PDF)(14 pp, 889 K, November 2017, About PDF) Air, Transportation/Smart Growth Incentives for Private Investment, Innovative Investment Models 
2007
May
Combined Sewer Overflows - Guidance for Financial Capability Assessment and Schedule Development (PDF)(11 pp, 252 K, May 2007, About PDF) Affordability, Stormwater, Wastewater State and Local Capacity (including TMF)
2007
April
EFAB Supports EPA's Private Activity Bond Initiative (PDF(2 pp, 107 K, April 2007, About PDF) Drinking Water, Wastewater Incentives for Private Investment
2007
March
The Use of Captive Insurance as a Financial Assurance Tool in Office of Solid Waste and Emergency Response Programs (PDF)(14 pp, 367 K, March 2007, About PDF) Solid/Hazardous Waste Incentives for Private Investment, Innovative Investment Models 
2007
January
Sustainable Finance for Watersheds (PDF) (30 pp, 2.1 MB, January 2007, About PDF) Watersheds/Ecosystems Innovative Investment Models, Sustainability and Resiliency
2007
January
Expanding the Definition of State Revolving Fund Financial Assistance (PDF)(16 pp, 1.7 MB, January 2007, About PDF) State Revolving Funds Innovative Investment Models 
2006
May
Establishment of a New State Revolving Fund Loan Guaranty Program (PDF)(6 pp, 716 K, May 2006, About PDF) State Revolving Funds Incentives for Private Investment, Innovative Investment Models
2006
May
Application of Useful Life Financing to State Revolving Funds (PDF) (11 pp, 1.4 MB, May 2006, About PDF) State Revolving Funds Innovative/Cost-Effective Financing
2006
February
Affordability Rate Design for Households (PDF)(11 pp, 1.4 MB, February 2006, About PDF) Affordability, Drinking Water, Wastewater State and Local Capacity (including TMF), Sustainability and Resiliency
2006
January
EFAB Initial Findings Concerning Use of the Financial Test and Corporate Guarantees to Meet Financial Assurance Requirements under RCRA Programs (PDF)(9 pp, 989 K, January 2006, About PDF) Solid/Hazardous Waste Innovative/Cost-Effective Financing
2005
December
Maryland's Bay Restoration Fund Act (PDF)(6 pp, 662 K, December 2005, About PDF) Watersheds/Ecosystems Innovative Investment Models 
2005
May
Combined Operations of the Clean Water and Drinking Water State Revolving Loan Funds(May 2005) State Revolving Funds Innovative/Cost-Effective Financing
2005
March
Application of Innovative Finance Techniques in the Transportation Infrastructure & Financial Innovation Act (TIFIA) of 1998 to Environmental Finance Issues (PDF)(11 pp, 107 K, March 2005, About PDF) Brownfields, Drinking Water, Wastewater Small Community Financing, Innovative Investment Models
2005
January
Innovations in Watershed Financing Letter Report(January 2005) Watersheds/Ecosystems Innovative Investment Models 
2005
January
Application of Useful Life Financing of Environmental Facilities (PDF)(16 pp, 243 K, January 2005, About PDF)  Affordability, Drinking Water, Wastewater Innovative/Cost-Effective Financing
2003
August
Coordination of USEPA State Revolving Fund (SRF) and USDA Rural Utility Service (RUS) Water and Sewer Loan Assistance (PDF)(17 pp, 4.2 MB, August 2003, About PDF) State Revolving Funds Innovative/Cost-Effective Financing
2003
July
Government Accounting and Standards Board (GASB) Financial Reporting Standards (Statement No. 34): EFAB Workshop Summary(17 pp, 1.7 MB, July 2003, About PDF) Drinking Water, Wastewater Accounting and Disclosure Standards
2003
July
Report on Findings from EFAB's Environmental Management Systems Workshop (PDF)(33 pp, 2.8 MB, July 2003, About PDF) Drinking Water, Wastewater Innovative/Cost-Effective Financing, Incentives for Private Investment
2003
February
Protecting America's Land Legacy: Stewardship Policies, Tools, and Incentives to Protect and Restore America's Land Legacy (PDF)(29 pp, 158 K, February 2003, About PDF) Watersheds/Ecosystems Incentives for Private Investment
2002
April
Expanding Lending for Non-Point Source Projects (PDF)(12 pp, 850 K, April 2002, About PDF) State Revolving Funds, Watersheds/Ecosystems Innovative/Cost-Effective Financing, Innovative Investment Models
2002
April
Public Sector Initiatives to Increase Performance in the Water and Watershed Industry (PDF)(21 pp, 1 MB, April 2002, About PDF) Drinking Water, Wastewater Innovative/Cost-Effective Financing
2002
March
Update on Environmental Financial Advisory Board Brownfields Work (PDF)(6 pp, 211 K, March 2002, About PDF) Brownfields Incentives for Private Investment
2001
December
Comments on Proposed Small Business Innovation Research (SBIR) Program Solicitation (PDF)(4 pp, 159 K, December 2001, About PDF) Affordability, Small Business, Stormwater, Wastewater Innovative/Cost-Effective Financing
2001
September
Small Business Innovative Research (SBIR) Topic Suggestions (PDF)(2 pp, 105 K, September 2001, About PDF) Small Business, Stormwater, Wastewater Accounting and Disclosure Standards, Innovative/Cost-Effective Financing
2001
September

Conservation Savings Increment Loans: A Proposal Concerning the SRFs

Energy Efficiency/Renewables, State Revolving Funds Innovative Investment Models, State and Local Capacity (including TMF)
2001
September
Arbitrage Relief Would Increase Funds Available to Meet Critical Water and Sewer Funding Needs (PDF)(8 pp, 332 K, September 2001, About PDF) Drinking Water, State Revolving Funds, Wastewater Innovative/Cost-Effective Financing
2001
July
Private Sector Initiatives to Improve Efficiencies in Providing Public-Purpose Environmental Services (PDF)(22 pp, 1.4 MB, July 2001, About PDF) Drinking Water, Wastewater Innovative Investment Models, Public Private Partnerships and Alternative Financing
2001
April

Brownfields Tax Incentives (PDF)(4 pp, 148 K, April 2001, About PDF)

  • Agency Response(August 2001)
Brownfields Incentives for Private Investment
2000
December
Environmental State Revolving Funds: Developing a Model to Expand the Scope of the SRF (PDF)(11 pp, 238 K, December 2000, About PDF) State Revolving Funds Innovative Investment Models, Sustainability and Resiliency
2000
December
Removing Barriers to Investment in Environmental Infrastructure in Western Europe (PDF)(15 pp, 1.1 MB, December 2000, About PDF) International and Tribal Environmental Protection Incentives for Private Investment
2000
May

Comments on Treasury Issue Paper: Financing Options for NADBank

International and Tribal Environmental Protection Innovative/Cost-Effective Financing
2000
May

Proposals Re: the EPA Office of Water's Gap Analysis

Drinking Water, Wastewater Accounting and Disclosure Standards
2000
March
Proposed Amendments to Brownfields Tax Incentives Brownfields Incentives for Private Investment
2000
January

Pace of Lending Issues Regarding SRFs

Brownfields Innovative/Cost-Effective Financing
1999
July

Financing Opportunities for the Clean Water Action Plan

Stormwater, Watersheds/Ecosystems Innovative/Cost-Effective Financing
1999
June
Ways the SRFs Could Assist the Better America Bonds Initiative State Revolving Funds Innovative/Cost-Effective Financing
1999
June
Cooperative International  Environmental Bond Guaranty Fund Proposal (PDF)(3 pp, 265 K, June 1999, About PDF) International and Tribal Environmental Protection Innovative Investment Models 
1998
October
Comments on the Brownfields Tax Incentive (PDF)(2 pp, 84 K, October 1998, About PDF) Brownfields Incentives for Private Investment
1998
August

Comments on OIA Draft Proposal for NIS Bond Guaranty Program

International and Tribal Environmental Protection Innovative Investment Models
1998
July
Funding Privately Owned Water Providers Through the Safe Drinking Water Act State Revolving Fund (PDF)(5 pp, 525 K, July 1998, About PDF) Drinking Water, State Revolving Funds Innovative/Cost-Effective Financing
1998
January
State Revolving Fund: A Decade of Successful SRF Performance, 1987-1997 (PDF)(13 pp, 2.3 MB, January 1998, About PDF) State Revolving Funds Innovative/Cost-Effective Financing
1998
January
Cost-Effective Environmental Management Case Studies (PDF)(84 pp, 3.7 MB, January 1998, About PDF) Drinking Water, Wastewater Innovative/Cost-Effective Financing, Public Private Partnerships and Alternative Financing
1997
December

Application of Cross-Collateralization Language to Various SRF Structures

State Revolving Funds Innovative/Cost-Effective Financing
1997
December
Expediting Clean-Up & Redevelopment of Brownfields: Addressing the Major Barriers to Private Sector Involvement (PDF)(24 pp, 2 MB, December 1997, About PDF) Brownfields Incentives for Private Investment, Innovative/Cost-Effective Financing
1997
December
Why Longer Term Loans are Prudent for SRFs (PDF)(5 pp, 1.2 MB, December 1997, About PDF) Affordability, State Revolving Funds Innovative/Cost-Effective Financing
1997
July

Improving Small Business Access to Capital for Environmental Projects Letter

Small Business Innovative/Cost-Effective Financing
1997
June

Follow-up Letter Regarding Cross-Collateralization

Drinking Water, State Revolving Funds Innovative/Cost-Effective Financing
1997
March

Recommendations Letter Based on EFAB's Five Brownfields Reports

Brownfields Incentives for Private Investment, Innovative/Cost-Effective Financing
1997
February
Evaluation of the Transferability Provisions in SDWA as a Means for Cross-Collateralization Drinking Water, State Revolving Funds Innovative/Cost-Effective Financing
1997
February
Barriers and Incentives to Financing Brownfields Cleanup and Reuse (Brownfields Report No. 5) (PDF)(20 pp, 1.6 MB, February 1997, About PDF) Brownfields Incentives for Private Investment, Innovative/Cost-Effective Financing
1996
November
Cross-Collateralization Issues Affecting the SRF Program (PDF)(8 pp, 1.2 MB, November 1996, About PDF) Drinking Water, State Revolving Funds Innovative/Cost-Effective Financing
1996
March

Leveraging the Superfund

Solid/Hazardous Waste Innovative/Cost-Effective Financing
1996
March

Innovations in Watershed Financing

Watersheds/Ecosystems Innovative/Cost-Effective Financing
1996
March
Financing Brownfields Redevelopment (Workshop Summary) (Brownfields Report No. 4) (PDF)(30 pp, 1.9 MB, March 1996, About PDF) Brownfields Incentives for Private Investment, Innovative/Cost-Effective Financing, Innovative Investment Models 
1996
March
Financing Strategies for Brownfields Redevelopment (Brownfields Report No. 3) (PDF)(33 pp, 3.9 MB, March 1996, About PDF) Brownfields Incentives for Private Investment, Innovative/Cost-Effective Financing, Innovative Investment Models 
1996
March
Financing Brownfields Redevelopment: Linkages to the Empowerment Zone/Enterprise Community Program (Brownfields Report No. 2) (PDF)(40 pp, 4.4 MB, March 1996, About PDF) Brownfields Innovative Investment Models , Incentives for Private Investment, Innovative/Cost-Effective Financing
1995
September
Information Needs of Capital Providers in Brownfields Redevelopment (Brownfields Report No. 1) (PDF)(19 pp, 2.3 MB, September 1995, About PDF) Brownfields Incentives for Private Investment, Innovative/Cost-Effective Financing
1995
September
Increasing Flexibility for Financing the  Cleanup of Contaminated Sites (PDF)(11 pp, 1.1 MB, September 1995, About PDF) Brownfields Innovative Investment Models
1994
August
Creating a Viable Finance Program for the Border Environmental Cooperation Commission and the North American Development Bank under NAFTA (PDF)(11 pp, 1 MB, August 1994, About PDF) International and Tribal Environmental Protection Innovative Investment Models , State and Local Capacity (including TMF), Innovative/Cost-Effective Financing
1994
April
Implementing the Environmental Finance Aspects of NAFTA (PDF) (10 pp, 864 K, April 1994, About PDF) International and Tribal Environmental Protection Incentives for Private Investment
1994
April
Financing the Remediation of Hazardous Waste Sites under NAFTA (PDF)(13 pp, 1.2 MB, April 1994, About PDF) International and Tribal Environmental Protection, Solid/Hazardous Waste Innovative Investment Models , Incentives for Private Investment
1993
July
Financing Environmental Infrastructure Along the United States-Mexican Border and in Eastern Europe and the Former Soviet Republics (PDF)(15 pp, 2 MB, July 1993, About PDF) International and Tribal Environmental Protection Innovative Investment Models , Incentives for Private Investment, Innovative/Cost-Effective Financing
1993
March
Urban Environmental Policy: Steps Toward Environmental Equity, Reduced Environmental and Health Risks, and Urban Revitalization (PDF)(14 pp, 1.5 MB, March 1993, About PDF) EPA Cross-Media Innovative Investment Models , Sustainability and Resiliency
1992
May
Narrowing the Gap: Environmental Finance for the 1990s (PDF)(39 pp, 7.3 MB, May 1992, About PDF)(xx pp, yy K, About PDF) EPA Cross-Media Incentives for Private Investment, State and Local Capacity (including TMF), Small Community Financing
1992
March
Public Sector Options to Finance Environmental Facilities (PDF)(62 pp, 9 MB, March 1992, About PDF) State Revolving Funds Innovative/Cost-Effective Financing, Small Community Financing, State and Local Capacity (including TMF)
1992 Clean Air Act of 1990: A Guide to Public Financing Options (PDF)(24 pp, 6 MB, 1992, About PDF) Air Innovative Investment Model, Public Private Partnerships and Alternative Financing 
1991
November
Private Sector Participation in the Provision of Environmental Services: Barriers and Incentives (PDF)(41 pp, 4.7 MB, November 1991, About PDF) EPA Cross-Media Incentives for Private Investment, Public Private Partnerships and Alternative Financing
1991
August
Small Community Financing Strategies for Environmental Facilities (PDF)(73 pp, 8.4 MB, August 1991, About PDF) EPA Cross-Media, State Revolving Funds Small Community Financing
1991
August

Incentives for Environmental Investment: Changing Behavior and Building Capital (PDF)(47 pp, 6.1 MB, August 1991, About PDF)

EPA Cross-Media Innovative/Cost-Effective Financing

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