1. (a) Financial assistance shall be in one of the formats authorized by 40 CFR §3525, an alternate format described in a specific IUP as authorized by a specific capitalization grant, or any other format authorized by EPA, only if:

   1. (1) The applicant is the legal owner of the water system;
   2. (2) The water system for which the project is proposed is on the state inventory of water systems;
   3. (3) The proposed project is listed on the current project priority list; and
   4. (4) If applicable, the project has approved plans and specifications and a construction approval issued by the department.

2. (b) Loans shall be made only with the following conditions:

   1. (1) A loan shall have a term not to exceed the maximum number of years allowed by 40 CFR § 3525 or the applicable capitalization grant;
   2. (2) Principal and interest payments shall commence within one year of project completion, in accordance with RSA 486:14, III and 40 CFR §35.3525;
   3. (3) The recipient shall establish a dedicated source of revenue for repayment of the loan in accordance with Env-Dw 1106.06; and
   4. (4) The recipient shall develop and implement an asset maintenance and renewal plan for any DWSRF-funded infrastructure project using “Form 6: Asset Management Maintenance and Renewal Plan”, NHDES-W-03-185, available at https://onlineforms.nh.gov/?FormTag=NHDES-W-03-185, dated November 9, 2020.

Source. (See Revision Note #1 and Revision Note #2 at chapter heading for Env-Dw 1100) #13160, eff 1-20-21