DWSRF loan definition

DWSRF loan means an agreement between the board and the borrower in which the DWSRF provides funds for eligible assistance and the borrower agrees to repay the principal sum, applicable interest, and DWSRF loan fee to the DWSRF.

DWSRF loan means that portion of the Loan made by the State from the loan program established to assist publicly owned and privately owned community drinking water systems and nonprofit noncommunity drinking water systems to finance the costs of infrastructure needed to achieve or maintain compliance with the Safe Drinking Water Act and to promote the public health objectives of said Act.]

DWSRF loan means an agreement between the board and the borrower in which the DWSRF provides funds for eligible assistance and the borrower agrees to repay the246-296-020 DWSRF Loan Program principal sum, applicable interest, and DWSRF loan fee to the DWSRF.

Examples of DWSRF loan in a sentence

• Under its existing practices, the Authority closes DWSRF loans with Participants without the necessity of having available balances in its Purchase Account to fully fund those loan commitments on the date a DWSRF loan is closed.

• Activities under this set-aside include helping systems prepare their DWSRF loan applications, assistance with improving their technical, financial, and managerial capability, training, and planning, technical assistance via sanitary survey follow-ups, direct on-site assistance and a Circuit Rider program to address any necessary improvements to the water system.

• The State will expend all funds in the DWSRF loan fund in a timely and expeditious manner in accordance with the EPA Drinking Water State Revolving Fund (DWSRF) National Unliquidated Obligations Strategy of April 14, 2014.

• DWSRF loan fund - funds within the DWSRF administrative loan fee account, less encumbrances, which are more than $2 million are transferred each year to the DWSRF repayment accounts to be used for DWSRF loans.Table 2.

• For land with structures or other improvements, only the appraised value of the land is DWSRF loan eligible, not the appraised value of the land with the structures or improvements.

• A DWSRF loan may include the costs of project planning and services incurred prior to construction (e.g., costs associated with preparing the PER, plans and specifications, advertising, pre-bid conference, bidding procedures, pre-construction conference, loan application, or administration).

• The NJDEP’s loan origination fee is not included in the principal amount of the DWSRF loan and is separately accounted for.

• Continue to work closely with DWSRF loan applicants to ensure well-coordinated regulatory reviews and loan preparation activities.

• The SDWA requires that a public water system applying for a DWSRF loan must show that it has the technical, financial and managerial capacity to ensure compliance.

• Approval of a DWSRF loan is contingent on approval by the Local Government Commission (LGC).