1. (a) Upon completion of a construction project by a governmental recipient, the department shall:

   1. (1) Prepare a supplemental loan agreement (SLA) to reflect actual project expenditures and to establish:

      1. a. The loan term selected by the recipient and the corresponding interest rate as stated in the OLA; and
      2. b. The loan repayment schedule based on the final project cost; and
   2. (2) Transmit the SLA to the recipient, who shall review and sign it.
2. (b) Upon receipt of the signed SLA, the department shall sign the SLA and send a copy thereof to the recipient.

Source. #13164, eff 1-26-21; renumbered by #13289 (formerly Env-Dw 1405.11); ss by #13372, eff 4-21-22