Code of Massachusetts Regulations
310 CMR - DEPARTMENT OF ENVIRONMENTAL PROTECTION
Title 310 CMR 45.00 - Dep Selection, Approval and Regulation of Drinking Water Projects Receiving Financial Assistance from the State Revolving Fund
Section 45.07 - Financing Criteria
Current through Register 1531, September 27, 2024
(1) In General. The Trust is authorized to structure the debt service costs on loans and other forms of financial assistance for Eligible Projects that provide the financial equivalent of a loan made at an interest rate equal to 2%, which may include principal forgiveness. Notwithstanding the foregoing, subject to the limits on contract assistance provided in M.G.L. c. 29C, § 6, the Trust may provide additional financial assistance that is the financial equivalent of a loan made at an interest rate less than 2%, which may include principal forgiveness, as determined by the Trust, for Qualifying Designated Projects, as provided in 310 CMR 45.07(2).
(2) Qualifying Designated Projects.