In exercising its discretion in determining the amount of principal forgiveness, the board may consider the following decision-making factors, which are set forth in alphabetical order:

1. (1) Annual utility operating budgets;
2. (2) Available local cash and in-kind contributions;
3. (3) Available program funds;
4. (4) Compliance with permits and regulations;
5. (5) Debt service capability;
6. (6) Economic impact;
7. (7) Other funding sources;
8. (8) Readiness to proceed;
9. (9) Regionalization or consolidation of facilities;
10. (10) Technical feasibility;
11. (11) Utility rates; and
12. (12) Water quality benefits.

Source: 36 SDR 208, effective June 28, 2010; 41 SDR 173, effective May 11, 2015.

General Authority: SDCL 46A-1-60.3.

Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3.

Prior versions effective: 2010-06-28.