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Environmental Financial Advisory Board (EFAB)
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What is EFAB?
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EFAB is the Environmental Financial Advisory Board. It provides advice to the Environmental
Protection Agency's Administrator and Program Offices on "how to pay" questions for
environmental protection.
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Who is on the Board?
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EFAB is a federally chartered advisory committee. Click here for a list of
current
Environmental Financial Advisory Board Members
. The Board operates under the
Federal Advisory Committee Act
.
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What's New?
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While supplies last, a limited number of 'A Guidebook of Financial Tools' CDs are now available. To request one, e-mail us.
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The Environmental Financial Advisory Board's summer 2004 full Board meeting will be held August 16-17, 2004 in San Francisco, CA
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The Environmental Financial Advisory Board's
March 2004 Newsletter
is now available online. EFAB
Newsletters
are meant to provide the public
with updates on the progress of the Board with its projects and Strategic
Action Agenda.
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The Environmental Finance Program is pleased to make available the
EFP Activity Report
.
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The Environmental Finance Advisory Board's
Strategic Action Agenda, Fiscal Years 2004-2005 is now available online.(PDF) (December 2003)
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The Environmental Financial Advisory Board's Environmental Management Systems Letter Report, a Letter to Marianne L. Horinko, Acting Administrator, is now available online. (PDF) (July 2003)
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The Environmental Financial Advisory Board's Governmental Accounting Standards Board (GASB) Statement 34 Letter Report, a Letter to Marianne L. Horinko, Acting Administrator, is now available online. (PDF) (July 2003)
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The Environmental Financial Advisory Board's
winter 2003 full Board meeting, March 4-5, 2003, minutes are now available online. (PDF) (July 2003)
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The Environmental Financial Advisory Board's
report
Protecting America's Land Legacy: Stewardship Policies, Tools, and Incentives to Protect and Restore America's Land Legacy is now available online.
(PDF) (February 2003)
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EFAB Publications:
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EFAB Strategic Action Agenda:
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Get extra help from the Guidebook of Financial Tools!
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A primary source for tools (help) is the document
A Guidebook of Financial Tools
produced by the Environmental Financial Advisory Board and the Environmental
Finance Center Network. (PDF) (April 1999 - most recent version)
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PURPOSE
Environmental legislation reauthorized or enacted by Congress in recent years
has placed significant additional resource requirements on all levels of
government, increasing their infrastructure and administrative costs. At the
same time, limited budgets
and changes in Federal tax laws have constrained traditional sources of
capital. Growing needs and expectations for environmental protection, as well
as increasing demands in all municipal service areas, make it increasingly
difficult for governments to
find the resources to meet their needs.
The Environmental Financial Advisory Board operates under the Federal Advisory
Committee Act, 5 U.S.C. App.2 [sec.] 9(c). The purpose of the Environmental
Financial Advisory Board is to provide authoritative analysis and advice to the
EPA Administrator on finance
issues to assist the Agency in carrying out its environmental mandates.
DESCRIPTION, HISTORY, AND BACKGROUND
The Environmental Financial Advisory Board (EFAB) was chartered in 1989 under
the Federal
Advisory Committee Act (FACA) to provide advice and analysis to EPA's
Administrator on
paying for the growing costs of environmental protection and how to increase
investment in
environmental infrastructure through the leveraging of public and private
resources. EFAB
provides EPA with a cross-media, intergovernmental perspective on
environmental finance that
integrates environmental and economic goals, while emphasizing cost-effective,
risk-based
approaches and public-private partnerships. The Board has made significant
contributions to
EPA's efforts to address the critical environmental financing challenges of
the 21st Century.
EFAB's
membership
includes prominent experts from all levels of government, including elected
officials; the finance and banking communities; business and industry; and
national
organizations. Board members meet semi-annually; the meetings are open to
the public and are
announced in the Federal Register. The Board has also produced a number of
advisories on
important environmental financing issues.
The Environmental Financial Advisory Board has adopted three environmental
financing goals:
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Lower the costs of environmental protection by removing
financial and programmatic barriers that raise costs and by improving the
efficiency of investments needed to close the gap between limited resources
and increasing mandates;
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Increase public and private investment in environmental facilities and
services as a spur to sustainable development, job creation,
productivity, and tax revenues; and
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Build state and local financial capacity necessary to carry out
environmental mandates so that gains made to date are secured
and further environmental progress can be made.
EFAB serves a unique role, assisting the EPA in providing a credible and
significant response to
the increasing concerns over how to pay for federal and state environmental
mandates. EFAB's
expertise and advice focus on cross-media financing, particularly on the "how
to pay" issue of
environmental mandates. This is of critical importance as the nation has
invested billions of
dollars in environmental facilities and programs over the last thirty years.
While progress has
been made, this work is far from complete.
Download the EFAB Brochure in PDF Format
.
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