Examples of Disadvantaged community in a sentence
Disadvantaged community interest rate of 25% of the average of the Bond Buyer 11-Bond Index for the month preceding loan closing.
If the recipient does not execute an SRF construction loan, the planning and design loan shall be paid in full at the end of the three-year term, unless the loan term is extended by written consent of the director.[ARC 8079B, IAB 8/26/09, effective 8/7/09] 265—26.7(16) Disadvantaged community status.26.7(1) Criteria for disadvantaged community status.
Disadvantaged community interest rate of 25% of the average of the Bond Buyer 11- Bond Index for the month preceding loan closing.
Disadvantaged community is defined as the service area of a public water system that meets affordability criteria developed by the state.
The IUP reflects the results of this review.The IUP includes the following:• Priority list of projects;• Short- and long-term goals;• Criteria and method of fund distribution;• Funds transferred between the Drinking Water SRF and the Clean Water SRF;• Financial status;• Description and amount of non-Drinking Water SRF (set-aside) activities; and• Disadvantaged community subsidies.