Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 30 - CLEAN WATER STATE REVOLVING FUND (CWSRF) › Section 30-4 - Loan and Principal Forgiveness Eligibility

Current through July 13, 2024
(a)
				Applicants. Municipalities, counties, special districts and joint powers boards
				in Wyoming shall be eligible for loans and principal forgiveness under this
				Chapter. DEQ may be eligible for loans and principal forgiveness under this
				Chapter. If the applicant is a special district or a joint powers board, it
				must be legally formed and approved prior to submitting its loan application.
				Applicants must be in compliance with all applicable reporting requirements of
				both the Wyoming Department of Revenue and the Wyoming Department of Audit
				prior to their application being considered by the Board.
(b) Purposes. Loans and principal forgiveness
				shall be awarded only for water pollution control purposes specified under W.
				S.
										16-1-205(a).
(c) Project Eligibility. Only projects on the
				2010 Clean Water State Revolving Fund Intended Use Plan are eligible for loans
				and principal forgiveness under this Chapter.
(i) To the extent that there are sufficient
				eligible project applications, not less than twenty percent (20%) of the funds
				appropriated under this Chapter shall be reserved for water and sewer, storm
				water drainage and solid waste disposal projects comprised of green
				infrastructure, water or energy efficiency improvements or other
				environmentally innovative activities;
(ii) The remaining funds appropriated under
				this Chapter shall be reserved for conventional water and sewer, storm water
				drainage and solid waste disposal projects. Preference will be given to those
				conventional projects that can be under contract or construction no later than
				January 1, 2010. The Board will not consider conventional projects that cannot
				be either under contract or commence construction by February 16,
				2010.
(iii) Applications for
				eligible projects as set forth in the special funding reservation in subsection
				(c)(i) will be accepted for review by the Office only through August 17, 2009.
				Subsection (c)(i) projects are also further subject to the deadlines set forth
				in subsection (c)(ii) of this section. Following Board action on all subsection
				(c)(i) applications received, the Office will seek approval from USEPA to move
				any unobligated reserve funds in subsection (c)(i) to subsection (c)(ii)
				conventional water and sewer, storm water drainage and solid waste disposal
				projects. Upon USEPA approval, funds moved to subsection (c)(ii) become
				available for award by the Board for both green and conventional infrastructure
				projects.
(iv) To maximize loan
				funding utilization under this Chapter, and under Chapter 11 rules as
				established by the Board, the Board may require applicants to secure a portion
				of project funding from either Chapter 11 or other sources. All eligible
				applicants are eligible to receive a loan under this Chapter up to fifty
				percent (50%) of eligible project costs. All loans awarded under this
				subsection shall receive one hundred percent (100%) principal forgiveness up to
				fifty (50%) of eligible project costs.
(v) To maximize loan funding utilization
				under this Chapter only, the Board may award loans up to one hundred percent
				(100%) of eligible project costs. In addition, the Board may also award
				principal forgiveness up to one hundred percent (100%) for loans awarded under
				this subsection. The Board will use the following guidelines to determine
				appropriate loan and principal forgiveness percentages:
(A) the municipality either levied at least
				seven (7) mills for operating expenses including special districts levies
				chargeable against the general city or town levy during the current state
				fiscal year or is imposing the optional tax permitted by W. S.
				
												39-15-204(a)(i) or (iii) at
				the time of application and is utilizing all other local revenue sources
				reasonably and legally available to finance the project; or
(B) The county or special district either
				levied at least eleven (11) mills for operating expenses during the current
				fiscal year or is imposing the optional tax permitted by W. S.
				
												39-15-204(a)(i) or (iii) at
				the time of the application and is utilizing all other local revenue sources
				reasonably and legally available to finance the project.
(C) Additional factors that the Board may
				consider include, but are not limited to, an entity's Annual Median Household
				Income (AMHI) per the 2000 U.S. Decennial Census and the entity's water and
				sewer rates as compared to state wide averages.