The Virginia Clean Water Revolving Loan Fund (VCWRLF) provides low-interest loans to local governments and municipal public service authorities for the construction of facilities or structures or implementation of best management practices that reduce or prevent pollution of state waters caused by storm water runoff from impervious surfaces. VCWRLF financing of stormwater projects can only be made available in fiscal years when loan requests for eligible wastewater treatment facilities have first been satisfied, unless otherwise required by law.

The Clean Water Financing and Assistance program also administers the Stormwater Local Assistance Fund (SLAF), a grant program providing up to 50 percent of eligible project costs. A loan from the VCWRLF can be obtained to provide the match for a SLAF grant.