FACACLASSIC

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

EPA - 723 - Environmental Financial Advisory Board - Agency Authority

GENERAL INFORMATION

Committee Name	Environmental Financial Advisory Board	Agency Name	Environmental Protection Agency
Fiscal Year	2025	Committee Number	723
Original Establishment Date	2/12/1991	Committee Status	Chartered
Actual Termination Date		Committee URL	https://www.epa.gov/waterfinancecenter/efab
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	37
Terminated This FY	No	Designated Fed Officer Position Title*	Designated Federal Officer
Merged This FY		Designated Federal Officer Prefix	Ms.
Current Charter Date	3/26/2024	Designated Federal Officer First Name*	Tara
Date Of Renewal Charter	3/26/2026	Designated Federal Officer Middle Name
Projected Termination Date		Designated Federal Officer Last Name*	Johnson
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*	202-809-7368
Establishment Authority*	Agency Authority	Designated Federal Officer Fax*	202-809-7368
Specific Establishment Authority*	Agency Decision Memo	Designated Federal Officer Email*	johnson.tara@epa.gov
Effective Date Of Authority*	2/12/1991
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Non Scientific Program Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Continue
Legislation to Terminate Required	Not Applicable
Legislation Status	Not Applicable
How does cmte accomplish its purpose?*	The EFAB (Board) initiates and develops its work products in two ways. It may either receive charges from EPA on specific environmental financing issues identified by EPA offices or the Board members may independently identify important environmental financing issues that they believe the agency needs to consider. The Board utilizes workgroups of its members to do preparatory work, including developing draft responses to agency charges. Following the identification and adoption of work projects, the EFAB may hold public meetings, information gathering workshops, and/or workgroup sessions to develop advisories, reports, and/or letters to the agency. The project workgroup produces a draft workgroup product for deliberation and disposition by the full Board. All EFAB products are reviewed and approved by the full Board before transmittal to the agency.
How is membership balanced?*	The Board consists of representatives of non-federal interests, drawn from state and local governments, business (financial services) and industry, and local and national non-governmental organizations. The Board members represent a variety of experience and perspectives required to address the wide variety of issues pertaining to environmental finance issues. The members also have geographic disbursement to ensure the representation of regional perspectives. The Board may include, as needed, special government employee members who are appointed for their individual expertise. Nominees apply in response to solicitation information provided through a Federal Register notice and other agency outreach.
How frequent & relevant are cmte mtgs?*	The Board typically meets twice a year to discuss ongoing projects, consider draft work products developed by workgroups, and review requests for new projects to direct Board work in the coming year. At such meetings, the Board also hears from invited EPA speakers on agency priorities and financial matters as well as from external stakeholders on important and timely environmental financing issues. In FY 2025, the Board has held one hybrid meeting (in-person and virtual), one virtual meeting, and one webinar that were open to the public. During the hybrid meeting in October 2024, the Board voted unanimously to provisionally accept the interim Water Affordability deliverable, voted unanimously to accept the Water Reuse Tax Incentive deliverable, heard remarks from a panel of local environmental experts, and received updates from the Environmental Finance Center Network, the Office of the Administrator, and OCFO. The November 2024 webinar was to explore strategies for mobilizing private capital in distributed energy generation projects and featured a discussion on the conditions required to attract private capital into distributed generation projects, including innovative financing models, risk mitigation strategies, and opportunities for scaling up investments. The January 2025 virtual meeting was for EFAB to discuss and vote on the draft deliverable on the Water Affordability charge. During the webinar, the Board voted to accept the final Water Affordability report deliverable.
Why advice can't be obtained elsewhere?*	Establishment and support for the EFAB, in conjunction with the EPA Water Finance Center, is part of EPA's commitment to improve the agency's environmental finance knowledge to pursue finance solutions for all programs and levels of government and the private sector. The EFAB brings unique experiences and perspectives on complex, cross-media environmental financing issues that are not available within the agency. These experiences and perspectives cover a wide range of public and private financing approaches necessary to pay for environmental programs, services, and infrastructure at the federal, state, and local levels. The average EFAB member has extensive knowledge in both established and innovative environmental finance approaches, is often a national leader in their field, and typically serves in an executive or leadership role. No other EPA advisory committee is structured or chartered to perform the EFAB's cross-media financing advisory function. The other EPA advisory committees are science or technology-oriented; address a specific environmental problem, rule or standard; or consider policy and education on a general basis. None look at how-to-pay issues on a real world, public/private basis, and none have the financing backgrounds and perspectives of the EFAB members.
Why close or partially close meetings?	There were no closed or partially closed EFAB meetings.
Recommendation Remarks	Topic areas covered by the Board vary from year to year, ranging from a long-standing interest in public water financing mechanisms (particularly EPA’s clean water and drinking water state revolving loan fund programs) to public-private partnership approaches. In FY 2025, the Board provided two sets of recommendations on its Water Affordability and Investment Tax Incentive for Water Reuse Infrastructure charges.

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	Yes	Action Reorganize Priorities*	No
Outcome Trust In Government	Yes	Action Reallocate Resources	Yes
Outcome Major Policy Changes	Yes	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	Yes	Action Other	No
Outcome Increased Customer Satisfaction	Yes	Action Comment	N/A
Outcome Implement Laws/Reg Requirements	Yes	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	N/A	Number Of Grants Recommended	0
Cost Savings*	Unable to Determine	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	Staff will continue to work with the Agency’s program and regional offices to determine/measure cost savings.	Grants Review Comment	N/A
Number Of Recommendations*	491	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	The board has made and transmitted 491 recommendations to EPA over its lifetime to date.	Access Agency Website	Yes
% of Recs Fully Implemented*	40.00%	Access Committee Website	Yes
% of Recs Fully Implemented Comment	The percentage reported is an estimate based on a review of recent Board reports.	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	17.00%	Access Publications	Yes
% of Recs Partially Implemented Comment	The percentage submitted is an estimate based on a review of recent Board reports.	Access Other	No
Agency Feedback*	Yes	Access Comment	N/A
Agency Feedback Comment*	The EFAB does receive feedback from the agency regarding actions taken to implement its recommendations or advice. Formal agency feedback is provided in a written response to each Board advisory product. In addition, the Board is often engaged with the agency's most senior level officials at Board meetings regarding the agency's priorities and the Board's recommendations.	Narrative Description*	In FY 2025, the full board held one hybrid virtual and in-person meeting (October 15-16), one virtual meeting (January 8), and one webinar (November 12) that were open to the public.

COSTS

1. Payments to Non-Federal Members*	$0.00	1. Est Paymnts to Non-Fed Membrs Nxt FY*	$0.00
2. Payments to Federal Members*	$0.00	2. Est. Payments to Fed Members Next FY*	$0.00
3. Payments to Federal Staff*	$389,304.50	3. Estimated Payments to Federal Staff*	$778,609.00
4. Payments to Consultants*	$0.00	4. Est. Payments to Consultants Next FY*	$0.00
5. Travel Reimb. For Non-Federal Membrs*	$17,752.73	5. Est Travel Reimb Non-Fed Membr nxtFY*	$69,000.00
6. Travel Reimb. For Federal Members*	$0.00	6. Est Travel Reimb For Fed Members*	$0.00
7. Travel Reimb. For Federal Staff*	$7,577.54	7. Est. Travel Reimb to Fed Staf Nxt FY*	$11,350.00
8. Travel Reimb. For Consultants*	$0.00	8. Est Travel Reimb to Consltnts Nxt FY*	$0.00
10. Other Costs	$58,214.78	10. Est. Other Costs Next FY*	$125,000.00
11. Total Costs	$472,849.55	11. Est. Total Next FY*	$983,959.00
Date Cost Last Modified	9/25/2025 10:37 AM	Est. Fed Staff Support Next FY*	2.25
Federal Staff Support (FTE)*	2.25	Est Cost Remarks
Cost Remarks

Interest Areas

Category Area Emergency Emergency Preparedness and Management Environment Environmental Issues Waste Disposal Finance Banking Credit Finance Investment Securities Tax

Custom Links

Committee Level Reports