33 Miss. Code. R. 2-2.5.1

The DWSIRLF may be used for the following purposes, subject to the intended use plan for a given fiscal year.

1. To make loans on the conditions that:

a. Such loans are made at or below market interest rates, at terms not to exceed 20 years after project completion, or as otherwise allowed by the SDWA;

b. Monthly principal and interest repayments will commence as further described in Chapter 3 Subchapter 10 of these regulations;

c. The recipient of a loan must establish a dedicated source of revenue for repayment of loans; and

d. The fund will be credited with all payments of principal and interest on all loans.

2. For the reasonable costs of administering the DWSIRLF program and conducting activities under this Act, subject to any limitations established in the SDWA;

3. For other uses as allowed under the SDWA; and

4. To earn interest on fund accounts.

Notes

33 Miss. Code. R. 2-2.5.1

Miss. Code Ann. § 41-3-16(3)(b)

Amended 7/31/2016 Amended 5/25/2017