A range of different entities (including communities, individuals, businesses and non-profit organisations) can apply for CWSRF funding for eligible projects. Funding may be in the form of grants or loans at below-market interest rates (with repayment terms of up to 20 years) or as a combination of the two. The funds target small and disadvantaged communities. The Drinking Water State Revolving Fund (DWSRF) was established in 1996 to finance water supply projects. Its structure and processes mirror those of the CWSRF program. When loan recipients make repayments to the state program, the funding is “revolved” and made available for further projects.