§ 90.50A.050. Loans from fund -- Requirements for recipients
Any public body receiving a loan from the fund shall:
(1) Appear on the annual project priority list to be identified for funding under section 212 of the federal water pollution control act amendments of 1987 or be eligible under sections 319 and 320 of that act;
(2) Submit an application to the department;
(3) Establish and maintain a dedicated source of revenue or other acceptable source of revenue for the repayment of the loan; and
(4) Demonstrate to the satisfaction of the department that it has sufficient legal authority to incur the debt for which it is applying.
[1988 c 284 § 6.]
Sections: Previous 90.50A.005 90.50A.010 90.50A.020 90.50A.030 90.50A.040 90.50A.050 90.50A.060 90.50A.070 90.50A.080 90.50A.900 NextLast modified: April 7, 2009