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 375.18 - Principal Forgiveness
Universal Citation: 31 TX Admin Code ยง 375.18
Current through Reg. 49, No. 38; September 20, 2024
(a) The Board may provide principal forgiveness for financial assistance in accordance with 33 U.S.C. § 1383(i) or federal appropriations acts:
(1) for an entity that
meets the affordability criteria established in this chapter and in the IUP for
a Disadvantaged Community;
(2) to
implement a process, material, technique, or technology:
(A) to address water-efficiency
goals;
(B) to address
energy-efficiency goals;
(C) to
mitigate stormwater runoff; and/or
(D) to encourage sustainable project
planning, design, and construction; or
(3) for any other eligible activity as
detailed in the Intended Use Plan.
(b) Total amount of principal forgiveness. The total amount of principal forgiveness may not exceed the percentages established by federal law or by the capitalization grant.
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