N.H. Admin. Code § Env-Dw 1106.09 - Repayment
(a) Subject to (b), below, the recipient
shall repay all funds received and interest accrued thereon to the department
as stipulated in the supplemental loan agreement.
(b) A disadvantaged community that has
received a loan subsidy as provided in
40 CFR
35.3525 shall repay only such funds and
interest remaining, if any, after the subsidy is applied.
(c) Repayment shall:
(1) Not exceed a 20-year repayment period,
unless a 30-year term is available to, and selected by, the recipient pursuant
to Env-Dw
1106.01(b)(1); and
(2) Begin by the earlier of one year
following the actual completion of the project or one year following the
scheduled project completion as stated in the original loan
agreement.
(d) Should
excusable delay be incurred beyond the scheduled completion date, the
commissioner shall:
(1) Offer to modify the
loan agreement to account for the delays; and
(2) If the recipient so requests, negotiate
and execute an appropriate modification of the loan agreement.
(e) Any recipient may repay a loan,
in whole or in part, prior to the date stipulated in the loan agreement with no
prepayment penalty.
Notes
(See Revision Note at chapter heading for Env-Dw 1100) #8702, eff 8-24-06
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