1. (a) To receive a loan, grant, or other financial assistance from the water infrastructure grant fund, a participant:

   1. (1) must have an asset management program that meets standards established by the authority; and
   2. (2) must demonstrate to the authority that it has a plan to participate with one (1) or more other participants in cooperative activities, which may include using the proceeds of the loan or grant to pay a part of the costs associated with a cooperative activity.
2. (b) To receive a loan or grant from the water infrastructure grant fund for purposes of cybersecurity, a participant must satisfy the same requirements that are established under this chapter for loans or grants for projects for other purposes.
3. (c) A participant receiving a grant, loan, or other financial assistance from the water infrastructure grant fund shall enter into an agreement with the authority. An agreement entered into under this section is a valid, binding, and enforceable agreement of the participant.
4. (d) After receiving a loan or grant from the water infrastructure grant fund, a participant must maintain its asset management program during the useful life of the asset financed with the loan or grant.
5. (e) In addition to meeting the other requirements established under this section, a participant must, if appropriate, conduct or participate in efforts to determine and eliminate the causes of non-revenue water in its water distribution system.

6. (f) Notwithstanding any other law, the authority may establish and implement requirements that:

   1. (1) apply to grants, loans, and other financial assistance to be made to participants that are not political subdivisions; and
   2. (2) are different from, or in addition to, requirements that apply to grants, loans, and financial assistance made to political subdivisions.

As added by P.L.154-2021, SEC.8.