Wisconsin Administrative Code
Department of Natural Resources
NR 100-199 - Environmental Protection General
Chapter NR 162 - Clean Water Fund Program
Subchapter IV - Interest Rate Subsidies for Small Loans
Section NR 162.40 - Application process
Current through August 26, 2024
(1) NOTICE OF INTENT TO APPLY SUBMITTAL. A municipality that intends to apply for interest rate subsidy shall submit to the department a notice of its intent to apply in accordance with s. NR 162.05 (1).
Note: Instructions regarding the online application systems are available on the Environmental Improvement Fund website at dnr.wi.gov/Aid/EIF.html.
(2) NOTICE OF INTENT TO APPLY DEADLINE. The department may set a notice of intent to apply submittal deadline by publishing the deadline date in the annual intended use plan.
(3) FACILITIES PLAN. A municipality requesting interest rate subsidy for a wastewater or storm water project shall submit a facilities plan or other applicable plan to the department for approval. The municipality shall receive approval of the facilities plan or other applicable plan prior to submitting an application for financial assistance.
(4) APPLICATION PROCEDURES. A municipality shall apply for interest rate subsidy in accordance with s. 281.58 (9) (a) to (c), Stats., in the form required by the department.
Note: An application form is available on the Environmental Improvement Fund website at dnr.wi.gov/Aid/EIF.html and from the Bureau of Community Financial Assistance, Department of Natural Resources, Box 7921, Madison WI 53707-7921.
(5) CONTENTS OF APPLICATION. The applicant shall submit a complete interest rate subsidy application. A complete application includes the following items:
(6) APPLICATION SUBMITTAL DEADLINE. In fiscal years for which the department sets an application submittal deadline for all or a specific type of funding, the applicant shall submit the items and information required under sub. (5) by the application submittal deadline in order to be considered eligible to obtain financial assistance from funds available during the funding cycle for which the deadline is set. The department may set application submittal deadlines in the intended use plan.
(7) APPLICATION ACCEPTANCE. The department shall accept an interest rate subsidy application as complete after all of the following occur:
(8) DEADLINE FOR SIGNING INTEREST RATE SUBSIDY AGREEMENT. The department shall set in the CWFP annual intended use plan a deadline for signing an interest rate subsidy agreement. An applicant shall sign an interest rate subsidy agreement within the timeframe set by the department. An applicant shall time its submittal of the application accordingly. If an interest rate subsidy agreement is not signed within the established timeframe, the applicant's project shall lose its allocated subsidy.