Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 371 - DRINKING WATER STATE REVOLVING FUND
Subchapter B - FINANCIAL ASSISTANCE
Section 371.15 - Fees of Financial Assistance

Universal Citation: 31 TX Admin Code ยง 371.15

Current through Reg. 49, No. 38; September 20, 2024

(a) General. The Applicant will be assessed charges for recovering administrative costs of all projects receiving DWSRF financial assistance. However, no fees or costs will be assessed on the portion of the project that receives principal forgiveness as detailed in the IUP.

(b) Origination fee. An administrative fee not to exceed 2 percent of the project costs will be assessed as a one-time non-refundable charge. Project costs on which the fee will be assessed do not include the origination fee or those project costs that are funded through principal forgiveness. The fee is due and payable at the time of closing and may be financed as a part of the financial assistance.

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