Applicability

Applicability. Applicability. This subchapter applies to any applicant for and recipient of interest rate subsidy provided under ss. 281.58 and 281.59 , Stats., for reducing interest costs on a loan made to the recipient by the BCPL for engineering and construction of treatment works and BMPs with total estimated project costs, after awarding all contracts, of $2,000,000 or less. Compliance with the applicable requirements of this subchapter is a prerequisite to receiving interest rate subsidy under ss. 281.58 and 281.59 , Stats. The following sections in subchs. I , II , III , and V apply to projects receiving interest rate subsidy under this subchapter: ss. NR 162.001 to 162.003 , 162.01 , 162.02 , 162.04 (1) (a) and (2) , 162.08 (1) to (3) and (5) to (7) , 162.10 (1) (a) and (2) , 162.15 , 162.19 , 162.20 , and 162.49 to 162.52 . The department will continue to accept applications for funding under this subchapter unless availability of funds for interest rate subsidies becomes a limiting factor for the department’s ability to continue this portion of the CWFP.