Goals and objectives of the SRF program are as follows:

• Protect the public health by providing financial assistance for the construction of publicly owned Wastewater Treatment Plants and non-point source control projects.
• Provide best available financial assistance to municipalities and interstate agencies through the management of the SRF.
• Ensure technical integrity of the SRF program through adequate and effective planning, engineering reviews and compliance inspection.
• Ensure proper accounting, audit and fiscal procedures.
• Maintain an adequate data management system.
• Administer the SRF so that its revolving nature is assured perpetuity.

Projects which are eligible for SRF loans are:

• Wastewater Treatment Plant construction and repair
• Collection system construction system and repair
• Erosion control activities
• Water rights acquisitions
• Landfill closure activities
• Underground storage tank removal

The SRF program ranks the various projects which are eligible for funding. The criteria for ranking projects, in order of importance is as follows:

• Eliminate documented public health hazards.
• Correct existing surface water quality standards violations.
• Comply with "Notice of Violation".
• Eliminate and/or prevent interference with an existing beneficial use of groundwater.
• Increase capacity and/or reliability or to provide a degree of treatment suitable for reuse.
• Provide interceptors in sewered communities and Infiltration/Inflow corrections.
Provide wastewater treatment and collection in unsewered communities. All other projects.