Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 375 - CLEAN WATER STATE REVOLVING FUND
Subchapter B - FINANCIAL ASSISTANCE
Section 375.11 - Refinancing
Universal Citation: 31 TX Admin Code ยง 375.11
Current through Reg. 49, No. 38; September 20, 2024
(a) The executive administrator may accept applications to refinance existing debt for eligible projects when sufficient funds are available. If refinancing funds are available, then the Applicant shall describe the need for the eligible project and provide other specific information detailed in the project information form or as otherwise requested by the executive administrator.
(b) An application for refinancing of existing debt shall be the same as an application for financial assistance under this chapter. The executive administrator may consider an application for refinancing when:
(1) the project meets all of the requirements
under this chapter, including information evidencing that the environmental
review, programmatic requirements, and engineering criteria required meets the
criteria under law and this chapter for the same or similar projects;
and
(2) the federal tax regulations
allow such refinancing.
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