Wisconsin Administrative Code
Department of Natural Resources
NR 100-199 - Environmental Protection General
Chapter NR 166 - Safe Drinking Water Loan Program
Subchapter II - Financial Assistance Requirements
Section NR 166.12 - Reimbursement and refinancing
Current through August 26, 2024
(1) REIMBURSEMENT OF PREVIOUSLY PAID DEBT. The department may approve reimbursement of eligible project costs previously paid by the municipality from its internal funds, if the reimbursement is in compliance with applicable U.S. treasury reimbursement regulations in 26 CFR 1.150-2, the project does not reach substantial completion more than 3 years prior to the date the applicant submits a complete application for financial assistance under s. NR 166.08 (4), and the applicant does not already have outstanding long-term affordable debt for the project.
(2) REFINANCING OF INTERIM DEBT. The department may approve refinancing of the eligible portion of a municipality's interim debt subject to the limits established in s. NR 166.07 (3).
The department's approval of reimbursement and refinancing transactions is preliminary. DOA makes the final determination regarding whether the state revolving fund is able to refinance a municipality's interim debt or reimburse a municipality's internal accounts.
