33 MAC Pt. 2, R. 2.5.1
The DWSIRLF may be used for the following purposes, subject to the intended use
Cite as 33 Miss. Admin. Code Pt. 2, R. 2.5.1
The DWSIRLF may be used for the following purposes, subject to the intended use
plan for a given fiscal year.
1. To make loans on the conditions that:
a. Such loans are made at or below market interest rates, at terms not to exceed 20 years
after project completion, or as otherwise allowed by the SDWA;
b. Monthly principal and interest repayments will commence as further described in
Chapter 3 Subchapter 10 of these regulations;
c. The recipient of a loan must establish a dedicated source of revenue for repayment of
loans; and
d. The fund will be credited with all payments of principal and interest on all loans.
2. For the reasonable costs of administering the DWSIRLF program and conducting
activities under this Act, subject to any limitations established in the SDWA;
3. For other uses as allowed under the SDWA; and
4. To earn interest on fund accounts.