State of Ohio
PUBLIC WORKS COMMISSION
Loan Program

Beginning with the May 2017 billing we no longer mail invoices to loan recipients. They have been replaced with postcards reminding loan recipients that invoices are available on our website. Please see online instructions for printing.

Invoices

July 1, 2017 Invoices (*see first page for instructions on downloading*)
                                   Note: Invoices are 2 pages printed front and back, which includes a transmittal sheet for return with payment.




Loan Applications

OPWC, in conjunction with each of the 19 District Public Works Integrating Committees, awards loans to finance eligible infrastructure needs as part of each grant/loan funding cycle. Application guidelines are the same as with an OPWC grant, with the following exceptions:

  • The loan can be for up to 100% of the project costs.
  • The Chief Financial Officer will need to provide a letter indicating how the loan will be repaid. See CFO Loan Repayment Letter sample in application instructions.
  • The district establishes the term but usually it is 0%.
  • The life of the loan cannot exceed the lesser of 30 years or the weighted useful life of the infrastructure.

As loans are repaid, funds are allocated back to the originating District Integrating Committee.

State Capital Improvements Program (SCIP) Loans

OPWC in conjunction with each of the nineteen District Public Works Integrating Committees, awards a minimum of 15% of the districts’ annual allocation of SCIP funds to loans, and loan assistance/credit enhancement to finance eligible infrastructure needs.

Application guidelines are the same as with an OPWC grant, with the following exceptions:

  • The loan can be for up to 100% of the project costs.
  • The Chief Financial Officer will need to provide a letter indicating how the loan will be repaid. See CFO Loan Repayment Letter sample in application instructions.
Revolving Loan Program (RLP)

Loans made under the State Capital Improvements Program, as they are repaid, produce funds for the Revolving Loan Program (RLP). Loan repayments vary from year to year and from district to district, depending on the loan term, the amount of loans actually issued under SCIP, actual closure dates and timeliness of payments. Due to these variables, allocations provided under the RLP will be inconsistent from program year to program year. Loan allocations will be provided each program year based on the actual cash received from loan recipients within each district. Loan Repayments (principal and interest) will be allocated back to the originating District Integrating Committee. Districts will select and submit RLP projects as part of their normal Program Year process..

Application guidelines are the same as with an OPWC grant, with the following exceptions:

  • The loan can be for up to 100% of the project costs.
  • RLPs are not subject to the 20% new and expansion limitations.
  • The Chief Financial Officer will need to provide a letter indicating how the loan will be repaid. See CFO Loan Repayment Letter sample in application instructions.
Reference Links

Loan Program Guidelines  
Loan Process Flowchart  

OPWC Loans    (use CTRL + F to search for subdivision number, subdivision name or loan number)
         Loan Summary (Balances, Payoff Dates, Principal and Interest)          .XLS    
         Loan Amortization Schedules.       
         Loan Principal Paydown Report  

 

Auditor Loan Documents  

Loan Documents
         Resolution of Intent, Notification of Disbursement Method - Instructions  
         Resolution of Intent - Template  
         CFO Loan Repayment Letter - Instructions for Financial Assistance    (see page 10)
         Sample Promissory Note