Compilation of Rules and Regulations of the State of Georgia
Department 267 - GRANT PROGRAM DESCRIPTION FOR GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY
Chapter 267-13 - DRINKING WATER STATE REVOLVING LOAN PROGRAM FOR DISADVANTAGED COMMUNITIES
Rule 267-13-.07 - The Criteria for the Award of the Grant

Universal Citation: GA Rules and Regs r 267-13-.07
Current through Rules and Regulations filed through December 18, 2024

Subsidized loans will be awarded to those communities, which meet the affordability criteria for disadvantaged communities. The affordability test consist of 1) determining whether a community is performing at a reasonable level of effort given its economic characteristics, based upon the minimum monthly household water bill for 6,000 gallons and 2) the community's 2000 Median Household Income (MHI) multiplied by 1.25 percent to ascertain the target user rate. Should the actual resulting user rate be higher than the target monthly water rate, the community will be eligible to be considered "disadvantaged" for the purposes of a subsidized loan not to exceed $500,000. Communities must also be on the DWSRF priority list.

O.C.G.A. Sec. 50-23-5.

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