Utah Administrative Code
Topic - Environmental Quality
Title R309 - Drinking Water
Rule R309-700 - Financial Assistance: State Drinking Water State Revolving Fund (SRF) Loan Program
Section R309-700-12 - Loans
Universal Citation: UT Admin Code R 309-700-12
Current through Bulletin 2024-06, March 15, 2024
The Board may make loans to finance all or part of a drinking water project only after credit enhancement agreements and interest buy-down agreements have been evaluated and found either unavailable or unreasonably expensive. The financing alternative chosen should be the one most economically advantageous for the state and its political subdivisions. A loan origination fee is a fee assessed to the loan recipient as a percentage of the principal balance of the loan. This fee will not be charged to any disadvantaged community receiving a loan subsidy as part Drinking Water State Revolving Fund financial assistance.
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