PURPOSE: This rule establishes commissionguidelines for use and allocation of funds available to the Missouri Soil and Water Conservation Loan Interest- Share Program.
- (1) General AvailabilityofProgram. TheLoan Interest-Share Program shall be available to landowners, land representatives and tenants of land located within Missouri soil and water conservation districts.
(2) District Use of Funds. Soil and water conservation districts shall be credited for use, a sum to be determined according to criteria developed by the commission. No actual transfer of funds will be made.
Auth: section278.080, RSMo (1986). This rule was previously filed as 10 CSR 70-5.100. Original rule filed July 12,1985, effectiue Nov. 15, 1985. Amended: Filed Oct. 29,1987, effective Feb. 17,19&S.
lO CSR 70-7.110 Application and Eligibility for Funds
PURPOSE: This rule establishes criteria and methods of application for persons desiring assistance through the Loan Interest-Share Program.
Editor’s Note: Forms mentioned in this rule follow 10 CSR 70-7.150.
- (1) Establishing Project Eligibility. The commission shall establish a list of eligible projects and practices for which loan interestshare assistance may be available and annually shall review and affirm or amend the list. Program participants shall be eligible for assistance only for the types of practices and projects so designated as eligible, providing that the projects and practices for which assistance is requested are contained within the relevant conservation plan.
(2) Application for Assistance. To be eligible for assistance under the Loan Interest-Share Program, program participants must make application on forms provided by the commission. The forms will be available at the soil and water district office. The district board of supervisors will recommend to the commission only applications which meet the following criteria. The program participant must-
- (A) Be a district cooperator;
- (B) Have an active conservation plan as approved by the district; and
- (C) Be able to secure, through a licensed lending institution, a loan for at least the amount of program assistance requested.
- (3) Funding Determination and Limits. Loan interest-share assistance shall be considered only on loans of a minimum twenty-five hundred dollars ($2500) up to a maximum twenty-five thousand dollars ($25,000) per participant per year. Assistance shall not be available for the participant’s portion of an individual practice receiving assistance from any other governmental program, except for specific practices and/or in special project areas so designated by the commission. In those special areas, program participants may receive a maximum twenty-five thousand dollar ($25,$100) loan interest-share over the life of the specral project. The commission has the authority to reduce the minimum loan amount for specific practices within those special project areas. The maximum length for any loan interest-share assistance shall be ten (10) years! or less, as stated within individual practice and project specifications,
- (4) Multi-Year Contracts. Loan interest-share assistance shall not be provided for specific practices and projects which are included in a multi-year contract or agreement executed by the program participants in accordance with a federal cost-share program. Neither shall loan interest-share assistance be provided on any project or practice under maintenance agreement through any other governmental program.
(5) Compliance with Applicable Law. In the installation or construction of any eligible practice or project, the participant shall be solely responsible for assuring compliance with any applicable federal, state or local laws, ordinances and rules. The participant also is responsible for obtaining all permits, licenses or other instruments of permission required prior to the installation or construction of the proposed projects and practices.
Auth: section278.080, RSMo (1986). This rule was preuiously filed as 10 CSR 70-5.110. Original rule filed July 12,1985, effective Nov. 15, 1985. Amended: Filed Oct. 29, 1987, effective Feb. 17, 1988. Amended: Filed March 1, 1988, effective June 15,1988.
CODEOFSTATE REGULATIONS