Georgia Environmental Finance Authority
From Wikipedia, the free encyclopedia
 | |
| Agency overview | |
|---|---|
| Formed | 1985 |
| Jurisdiction | Georgia |
| Headquarters | 47 Trinity Ave SW Fifth Floor Atlanta, Georgia 30334 |
| Employees | 42 |
| Agency executive |
|
| Website | gefa |
The Georgia Environmental Finance Authority (GEFA) is an agency of the U.S. state of Georgia that directs programs that work to conserve and improve Georgia's energy, land and water resources. GEFA provides loans for water, sewer and solid waste infrastructure; manages energy efficiency and renewable energy programs; oversees land conservation projects; and manages and monitors state-owned fuel storage tanks.[1]
Water Resources Division
GEFA provides loans for water, sewer and solid waste infrastructure improvements to local governments. The Water Resources Division also assists local governments with the development of reservoir and water supply projects.[1]
Energy Resources Division
GEFA's Energy Resources Division promotes energy efficiency, renewable energy and energy assistance programs. These programs include the Weatherization Assistance Program, the State Energy Program and Energy Performance Contracting.[1]
Georgia Land Conservation Program
The Georgia Land Conservation Program offers grants and low-interest loans for fee title or conservation easement purchases from the Georgia Land Conservation Revolving Fund. It also manages the Georgia Conservation Tax Credit Program, which is designed to increase the financial incentives for a willing landowner to donate land or place a permanent conservation easement on their property.[2]
The Fuel Storage Tank Program
The Fuel Storage Tank Program is responsible for monitoring, upgrading, replacing or closing underground and aboveground state-owned fuel storage tanks.[1]
The Governor's Water Supply Program
In January 2011, Governor Nathan Deal directed that GEFA would work with several state agencies and local governments across Georgia to create a water supply development program designed to "align and mobilize state resources to help local governments develop new water supplies," creating the Governor's Water Supply Program. The potential solutions include finding ways to expand existing water reservoirs and explore ways to build new ones.[1]
Fiscal Services Division
The Fiscal Services Division provides accounting, financial underwriting and loan servicing for GEFA programs. Fiscal Services also ensures compliance with agency, state and federal fiscal policies and procedures. It reviews and recommends loan awards for the Water Resources and Land Resources Divisions, and performs credit analyses; provides reimbursements for loan project expenses; processes loan payments; calculates loan repayment figures and accrued construction-period loan interest; monitors borrowers for proper debt service coverage; and reviews compliance limits for GEFA customers.
The Fiscal Services Division also provides consultations to communities on loan underwriting; prepares and submits financial reports of GEFA's activities to state and federal authorities; processes invoices for GEFA expenses; monitors division accounts; and manages the agency's budget.[1]
