The Board may make loans to finance all or part of a wastewater project only after credit enhancement agreements and interest buy-down agreements have been evaluated and found either unavailable or unreasonably expensive. The financing alternative chosen should be the one most economically advantageous for the state and its political subdivision.

KEY: wastewater, water quality, loans, sewage treatment

Date of Last Change: June 28, 2023

Notice of Continuation: July 10, 2023

Authorizing, and Implemented or Interpreted Law: 19-5; 73-10c; 11-8-2; FWPCA Section 603(d)(1)(E)