South Dakota Administrative Rules
Title 74 - Department of Environment And Natural Resources
Article 74:05 - Water development
Chapter 74:05:11 - Drinking water state revolving fund program
Section 74:05:11:11.02 - Principal forgiveness amount determination
Current through Register Vol. 50, page 114, March 25, 2024
In exercising its discretion in determining the amount of principal forgiveness, the board may consider the following decision-making factors, which are set forth in alphabetical order:
(1) Annual utility operating budgets;
(2) Available local cash and in-kind contributions;
(3) Available program funds;
(4) Compliance with permits and regulations;
(5) Debt service capability;
(6) Economic impact;
(7) Other funding sources;
(8) Readiness to proceed;
(9) Regionalization or consolidation of facilities;
(10) Technical feasibility;
(11) Utility rates; and
(12) Water quality benefits.
General Authority: SDCL 46A-1-60.3.
Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3.