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 371.17 - Principal Forgiveness
Universal Citation: 31 TX Admin Code ยง 371.17
Current through Reg. 49, No. 38; September 20, 2024
(a) The Board may provide principal forgiveness for financial assistance for:
(1) an entity that meets the affordability
criteria established in this chapter and in the IUP for a Disadvantaged
Community; or
(2) an entity that
meets the criteria established in the IUP for other subsidies allowed under the
federal appropriations law or the capitalization grant.
(b) Total amount of principal forgiveness. The total amount of principal forgiveness may not exceed the percentages established by federal law, appropriations acts, or by the terms of the capitalization grant.
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