Notes to SEFA
As part of its administration of the Brownfields Assessment and Cleanup Cooperative Agreements program with the U.S. Environmental Protection Agency (“EPA”), both through direct funding from the EPA and with EPA funding passed through the Michigan Department of Environmental Quality (“MDEQ”), the Authority issues loans to subrecipients under a Revolving Loan Fund program to conduct activities consistent with the requirements of the program. As of September 30, 2024, the outstanding balance of these loans was $393,545. Total federal expenditures, as well as expenditures to subrecipients, under this program for the year ended September 30, 2024 were determined as follows:See the Notes to the SEFA for table