- (a) For each federal fiscal year, the department shall prepare an IUP that complies with 40 CFR §35.3150 and any applicable guidance issued by the U.S. Environmental Protection Agency (EPA), specifically including the preliminary project priority list prepared pursuant to Env-Wq 505.01.
- (b) The IUP shall include an explanation of how interest rates will be established for funds provided under the proposed IUP, including whether the interest rate will be subject to adjustment in response to market conditions.
- (c) The preliminary IUP shall be subject to public comments and review as specified in Env-Wq 505.11 before being finalized and submitted to EPA.
- (d) If the department determines that an amendment to the IUP is necessary, the department shall publish a notice of the changes on its website at least 7 days in advance of implementing the changes.
Source. (See Revision Notes #1-#3 at chapter heading for Env-Wq 500) #10984, eff 12-1-15; ss by #13511, eff 12-20-22