Utah Admin. Code R317-101-6 - Financial Assistance for Large Underground Wastewater Disposal Systems
A. Large Underground Wastewater Disposal
Systems (LUWDS) projects, as defined in Subsection
73-10c-2(9), may
be eligible for funding from the state revolving loan funds and from the
Hardship Grant Program. Application and project initiation procedures including
loans, credit enhancement, interest buy-down and hardship grant consideration
policies for LUWDS are defined in Sections
R317-101-3 through
R317-101-4 except as otherwise
stated.
B. The following
procedures apply to LUWDS project loans:
1.
Projects will be prioritized according to criteria established in Section
R317-100-4, Utah State Project
Priority System for the Utah Wastewater Project Assistance Program.
2. The maximum term of LUWDS project loans
will be twenty years but not beyond a term exceeding the depreciable life of
the project.
3. The interest rate
on LUWDS project loans will be determined by the Board.
C. The following procedures apply to LUWDS
project grants. Hardship Grants may be considered for LUWDS projects that meet
criteria established in Section
R317-101-4 and that:
1. address a critical water quality need or
health hazard;
2. would otherwise
not be economically feasible; or
3. implement provisions of TMDLs.
Notes
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