Additional Subsidization

Section 663.250  Additional Subsidization All financial assistance from the PWSLP shall be in the form of low interest loans, with principal forgiveness terms used and applied as necessary to meet specific requirements of the federal LSLR Capitalization Grant Agreement, the SDWA and the BIL Act.  The availability, amounts, limitations, and method of distribution for any principal forgiveness of the loan amount shall be determined by the Director of the Agency based upon USEPA requirements and the terms of the LSLR Capitalization Grant Agreement, the SDWA, the BIL Act, economic conditions, status of the Fund, and other relevant criteria.