Administrative Rules of Montana
Department 17 - ENVIRONMENTAL QUALITY
Chapter 17.40 - WATER TREATMENT SYSTEMS AND OPERATORS
Subchapter 17.40.3 - Waste Water Treatment Works Revolving Fund
Rule 17.40.308 - TYPES OF FINANCIAL ASSISTANCE
Universal Citation: MT Admin Rules 17.40.308
Current through Register Vol. 6, March 22, 2024
(1) The department or the department of natural resources and conservation may provide financial assistance from the revolving fund by:
(a) making a loan for the costs of eligible
water pollution control projects, subject to the following requirements:
(i) the term may not exceed 20 years after
completion of the project, unless otherwise permitted by the federal Act, the
Act, the trust indenture regarding the program, the department, and the
department of natural resources and conservation;
(ii) repayment must begin as prescribed by
the department of natural resources and conservation, but in any event not
later than one year after project completion with all principal and interest
payments credited directly to the fund;
(iii) the loan recipient shall establish a
dedicated source of revenue for repayment of the loan; and
(iv) satisfaction of all additional
requirements of the department of natural resources and conservation;
(b) purchasing or refinancing an
existing municipal debt obligation for construction of an eligible water
pollution control project begun after March 7, 1985, subject to all applicable
requirements of the federal Act;
(c) purchasing bond insurance or guaranteeing
full and timely payment of principal and interest on a debt obligation;
or
(d) guaranteeing a revolving
fund established by a municipality that is similar to the state revolving
fund.
75-5-1105, MCA; IMP, 75-5-1107, MCA;
Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.