Washington Administrative Code
Title 399 - Commerce, Department of (Public Works Board)
Chapter 399-30 - Public works loans and pledges
Section 399-30-045 - Application evaluation procedure and board deliberations-Emergency loan program
Current through Register Vol. 24-18, September 15, 2024
This section implements RCW 43.155.060 and 43.155.065. The board may make low-interest or interest free loans or grants to local governments for emergency public works projects. The emergency loan program is to financially assist eligible communities experiencing the loss of critical public works services or facilities due to an emergency, and that can demonstrate a substantial fiscal need.
(1) Eligible local governments. Applicants must meet the conditions as identified under WAC 399-30-030(2).
(2) Eligible uses of funds. Financial assistance received shall be used for the purpose of restoring the services and/or repair of the public works facilities involved in the emergency. Assistance provided may be used to help fund all or part of an emergency public works project less any reimbursement from any of the following:
Assisted local governments must reimburse the department any moneys received from the sources listed above. The local government is obligated to make reimbursement for four years after formal project closeout. Local governments eligible to receive moneys must use their best efforts to seek reimbursement in a timely manner.
(3) Availability of funds. Funding will be made available on a first-come first-served basis. Only those funds specifically appropriated by the legislature from the public works assistance account shall be used to make emergency loans. That amount shall not exceed five percent of the total amount appropriated from this account in any biennium.
(4) Application process. Local governments must apply on the form provided by the board. Applications will be processed in the order received.
(5) Board deliberations-Emergency loan applications.
(6) Loan terms. The board shall determine the term and interest rate(s) of emergency loans annually.
(7) Exceptions to public works assistance account policies and procedures. Except as provided in this chapter or specified in annual program guidelines, the emergency program shall follow all general administrative program policies as set for the public works assistance account.
Statutory Authority: RCW 43.155.040(4). 09-04-100, § 399-30-045, filed 2/4/09, effective 3/7/09. Statutory Authority: RCW 43.155.040(4) and (5). 98-24-010, § 399-30-045, filed 11/19/98, effective 12/20/98. Statutory Authority: RCW 43.155.040(4). 92-03-052, § 399-30-045, filed 1/13/92, effective 2/13/92. Statutory Authority: RCW 43.155.040. 89-10-041 (Order 89-01), § 399-30-045, filed 4/28/89.