The American Recovery and Reinvestment Act (ARRA) required all State Revolving Fund projects receiving ARRA funding to be under construction contract and have an executed assistance agreement by February 17, 2010. As of close of business on Friday, February 12, 2010, this goal was accomplished. KIA and DOW reviewed 43 Clean Water projects and 17 Drinking Water projects for compliance with the SRF and ARRA program guidelines.

KIA would like to thank the KIA Board Members for their determination and diligence throughout this demanding time in KIA’s history. They would also like to thank all the other participants that had a part in pulling these projects together: all the utilities, project engineers, Area Development District staff, project administrators, the e-Clearinghouse, Community Development Block Grant, Appalachian Regional Commission, U.S. Rural Development, Capital Projects and Bond Oversight Committee, Finance and Administration Cabinet Office of the Secretary, Office of Legal Services for Finance, Office of Financial Management, Public Service Commission, Peck, Shaffer & Williams PLLC, and Division of Water.

A Herculean effort was afforded by all to meet the ARRA and SRF requirements for 60 ARRA projects and 24 Base Program projects in 9 months. Prior to ARRA, KIA’s largest annual production of loans was 30 in 12 months.