N.H. Admin. Code § Env-Dw 1106.02 - Original Loan Agreement
(a) Following
acceptance of the application and upon availability of funds, a loan agreement
shall be executed between the state and the applicant.
(b) The loan agreement shall contain the
following provisions:
(1) The loan
amount;
(2) The interest rate for
the loan;
(3) The term of
repayment;
(4) A description of the
project;
(5) Authorization for
representatives of the department and applicable federal agencies to examine
any of the loan recipient's records that pertain to transactions relating to
the loan agreement, construction contracts, or engineering contracts for the
purpose of inspection, audit, and copying during normal business hours;
and
(6) A requirement for the
recipient to develop and adhere to an asset maintenance and renewal plan for
the funded improvements.
(c) The loan agreement shall be subject to
approval by the governor and executive council.
Notes
(See Revision Note at chapter heading for Env-Dw 1100) #8702, eff 8-24-06
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