Great Lakes Coastal AOC Grants, Deadline Feb 2

NOAA Great Lakes Habitat Restoration Program Project Grants under the U.S. Great Lakes Restoration Initiative in Areas of Concern

NOAA delivers funding and technical expertise to restore Great Lakes coastal habitats. These habitats support valuable fisheries and protected resources; improve the quality of our water; provide recreational opportunities for the public’s use and enjoyment; and buffer our coastal communities from the impacts of changing lake levels. Projects funded through NOAA have strong on-the-ground habitat restoration components that provide social and economic benefits for people and their communities in addition to long-term ecological habitat improvements. Through this solicitation, NOAA seeks to openly compete funding available for habitat restoration in U.S. Great Lakes Areas of Concern (http://www.epa.gov/glnpo/aoc/) under the Great Lakes Restoration Initiative as anticipated in the President’s FY2011 Budget. Applications should be submitted for any project that is to be considered for this funding, even for those projects already submitted as applications to other NOAA competitions. Competition will ensure that the most beneficial restoration projects are selected to realize significant ecological gains and ensure that projects are “shovel-ready.” Applications selected for funding through this solicitation will be implemented through a grant or cooperative agreement, with awards dependent upon the amount of funds made available to NOAA for this purpose by the U.S. Environmental Protection Agency. NOAA anticipates up to $5 million may be available for Great Lakes coastal habitat restoration; typical awards are expected to range between $1 million to $4 million. NOAA will also accept proposals for engineering and design of habitat restoration projects; typical awards are expected to range between $75,000 and $350,000. Funds will be administered by NOAA’s Great Lakes Habitat Restoration Program (GLHRP).

Current Closing Date for Applications:     Feb 02, 2011
Expected Number of Awards:     20
Estimated Total Program Funding:     $5,000,000
CFDA Number(s):     11.463  —  Habitat Conservation
Cost Sharing or Matching Requirement:     No

Eligible Applicants

  • institutions of higher education
  • non-profits
  • industry and commercial (for profit) organization
  • organizations under the jurisdiction of foreign governments
  • international organizations
  • state, local and Indian tribal governments.

Applications from federal agencies or employees of federal agencies will not be considered. Federal agencies are strongly encouraged to work with states, non-governmental organizations, municipal and county governments, conservation corps organizations and others that are eligible to apply. The Department of Commerce/ National Oceanic and Atmospheric Administration (DOC/NOAA) is strongly committed to broadening the participation of historically black colleges and universities, Hispanic-serving institutions, tribal colleges and universities, and institutions that work in under-served areas. The GLHRP encourages applications involving any of the above institutions.

Through this solicitation, NOAA seeks to openly compete funding available for habitat restoration in U.S. Great Lakes Areas of Concern (http://www.epa.gov/glnpo/aoc/ ) under the Great Lakes Restoration Initiative as anticipated in the President’s FY2011 Budget.

Great Lakes Coastal AOC Grants, Deadline Feb 2

Assistance to Firefighters Grant, Deadline Feb 4

The Department of Homeland Security (DHS) Federal Emergency Management Agency’s (FEMA) Grants Programs Directorate is responsible for the implementation and administrations of the Assistance to Firefighters Grant (AFG) Program. The purpose of the AFG Program is to enhancethe safety of the public and firefighters with respect to fire and fire-related hazards. The Grants Programs Directorate administers the Fire Prevention and Safety (FP&S) grants as part of the AFG Program. FP&S offers grants to support activities in two categories: (1) activities designed to reach high-risk target groups and mitigate incidences of death and injuries caused by fire and fire-related hazards (“Fire Prevention and Safety Activity”) and (2) research and development activities aimed at improving firefighter safety (“Firefighter Safety Research and Development Activity”). The program guidance document provides potential applicants with the details of the requirements, processing, and evaluation of an application for financial assistance for both of these activity areas.

Current Closing Date for Applications: Feb 04, 2011
Expected Number of Awards:     200
Estimated Total Program Funding:     $35,000,000
Award Ceiling:     $1,000,000
Award Floor:     $0
CFDA Number(s):     97.044  —  Assistance to Firefighters Grant
Cost Sharing or Matching Requirement:     Yes

Eligible Applicants
County governments
City or township governments
Public and State controlled institutions of higher education
Native American tribal organizations (other than Federally recognized tribal governments)
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Others (see text field entitled “Additional Information on Eligibility” for clarification)

Additional Information on Eligibility:
Fire Departments, Institutions of Higher Education, Community Organizations

http://www.firegrantsupport.com/docs/FY2010_FPSGuidance.pdf

Assistance to Firefighters Grant, Deadline Feb 4

Land Acquisition Grants, Deadline Feb 7

The purpose of this document is to advise eligible coastal states and project partners that NOAA’s Office of Ocean and Coastal Resource Management is soliciting proposals for competitive funding available for land acquisition in U.S. Great Lakes Areas of Concern (http://www.epa.gov/glnpo/aoc/) under the Great Lakes Restoration Initiative as anticipated in the President’s FY2011 Budget. Applications should be submitted for any project that is to be considered for this funding, even for those projects already submitted as applications to other NOAA competitions.

Applications selected for funding through this solicitation will be implemented through a grant, with awards dependent upon the amount of funds made available to NOAA for this purpose throught the Great Lakes Restoration Initiative administed by the U.S. Environmental Protection Agency. NOAA anticipates that approximately $1.9 million may be available for Great Lakes Area of Concern land acquisition projects; typical awards are expected to range between $100,000 to $1.9 million. Funding is contingent upon the availability of FY 2011 Federal appropriations for the Great Lakes Restoration Initiative. Funds will be administered by NOAA’s Office of Ocean and Coastal Resource Management in partnership with the federally approved Great Lakes State Coastal Zone Management Programs.

Current Closing Date for Applications:     Feb 07, 2011
Estimated Total Program Funding:     $1,900,000
Award Ceiling:     $1,900,000
Award Floor:     $100,000
CFDA Number(s):     11.463  —  Habitat Conservation
Cost Sharing or Matching Requirement:     No

Eligible Applicants

Only Great Lakes States are eligible to participate in the FY2011 AOC Land Acquisition competition. The designated lead agency for implementing each approved state Coastal Zone Management (CZM) program may solicit proposals for this competition. For Illinois projects, the Illinois Department of Natural Resources may solicit proposals for this competition. The CZM Lead Agency (or the Illinois Department of Natural Resources) may solicit proposals from local governments as defined at 15 CFR 24.3, or entities eligible for assistance under section 306A(e) of the Coastal Zone Management Act (CZMA) (16 U.S.C. 1455a(e)), defined below, provided that each agency or entity has the authority to acquire and manage land for conservation purposes. As defined at 15 CFR 24.3, local government means a county, municipality, city, town, township, local public authority (including any public and Indian housing agency under the United States Housing Act of 1937), school district, special district, intrastate district, council of governments (whether or not incorporated as a nonprofit corporation under State law), any other regional or interstate government entity, or any agency or instrumentality of a local government. Under section 306A(e) of the CZMA, an eligible entity may be a local government, an areawide agency designated under Chapter 41, Subchapter II, Section 3334 of Title 42, a regional agency, or an interstate agency.

Land Acquisition Grants, Deadline Feb 7

Bond Refinancing Signed Dec 21

Late last year the Michigan Legislature approved HB 5550, which would allow local governments to refinance their bonds in these times of fiscal distress. It was signed into law by the Governor on December 21.

A number of years ago, the state enacted legislation that prohibited the refinancing of bonds that would create a negative net present value. This generally occurs when a bond is refinanced in a way where the payoff period is extended in order to reduce current payments. HB 5550 will allow this to occur through the end of 2012. The legislation would require a public hearing before any action is taken and permission must be granted by the Department of Treasury. This legislation does not impact bonds that received voter approval; instead it would be more likely used for bonds involving sewer or water projects or other forms of infrastructure.

 

Act No. 321
Public Acts of 2010
Approved by the Governor December 21, 2010
Filed with the Secretary of State December 21, 2010

EFFECTIVE DATE: December 21, 2010

STATE OF MICHIGAN
95TH LEGISLATURE
REGULAR SESSION OF 2010

Introduced by Rep. Mayes

ENROLLED HOUSE BILL No. 5550

AN ACT to amend 2001 PA 34, entitled “An act relative to the borrowing of money and the issuance of certain debt and securities; to provide for tax levies and sinking funds; to prescribe powers and duties of certain departments, state agencies, officials, and employees; to impose certain duties, requirements, and filing fees upon political subdivisions of this state; to authorize the issuance of certain debt and securities; to prescribe penalties; and to repeal acts and parts of acts,” by amending section 611 (MCL 141.2611), as amended by 2002 PA 500.

The People of the State of Michigan enact:

Sec. 611. (1) Except as provided in section 515 or subsection (2), a municipality shall not refund all or any part of its outstanding securities by issuing a refunding security unless the net present value of the principal and interest to be paid on the refunding security, including the cost of issuance, and taking into account an agreement entered into pursuant to section 317, is less than the net present value of the principal and interest to be paid on the outstanding security being refunded as calculated using a method approved by the department. However, when a municipality is issuing refunding securities for outstanding variable interest rate securities, as determined by the department the net present value calculation shall use the appropriate current fixed interest rate and the fixed interest rate that would have been available for the outstanding variable interest rate securities when originally issued if the outstanding variable interest rate securities had been issued as fixed interest rate securities or shall use another procedure determined by the department.

(2) A municipality may, under procedures established by the department, obtain an exception from the requirements of subsection (1) if the department determines a reasonable basis for that exception exists. As used in this subsection, reasonable basis means 1 or more of the following:

(a) The refunding is required by a state or federal agency.

(b) The refunding is necessary to reduce or eliminate requirements of ordinances or covenants applicable to the existing outstanding security.

(c) The refunding is necessary to avoid a potential default on an outstanding security.

(d) The refunding of a short-term municipal security issued under section 413.

(e) A municipality may issue a refunding security to refund all or any part of its outstanding securities before December 31, 2012 if those securities are not secured by the unlimited full faith and credit pledge of the municipality and the refunding is approved by the department. The municipality shall hold a public hearing before submitting a request to the department pursuant to this subdivision. The municipality shall publish notice of the hearing in a newspaper of general circulation in the municipality not less than 30 days before the hearing. After the hearing, the municipality may prepare and submit to the department a request to issue a refunding security pursuant to this subdivision. The department shall not unreasonably withhold approval. The department shall have 90 days from the date it receives a completed request to issue a refunding security pursuant to this subdivision to approve or deny the request. If the department fails to approve or deny the request within 90 days of receiving the completed request, the municipality’s request is deemed approved by the department. If the department denies the request, it shall advise the municipality in writing of the reasons for the denial.

This act is ordered to take immediate effect.

Clerk of the House of Representatives

Secretary of the Senate

Approved

Governor

 

Bond Refinancing Signed Dec 21