Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 31 - DRINKING WATER STATE REVOLVING FUND (DWSRF) › Section 31-4 - Loan and Principal Forgiveness Eligibility

Current through July 13, 2024
(a)
				Applicants. Publicly Owned Water Systems in Wyoming shall 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 eligible Publicly Owned Water
				Systems as authorized in W. S.
										16-1-305. Eligible
				projects may be comprised of improvements to all components of a Water Supply
				System as appropriate and permitted by the Safe Drinking Water Act.
(c) Project Eligibility. Only priority list
				projects on the 2010 Drinking Water 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 safe drinking water
				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 safe drinking water 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. Thereafter, following Board action on all
				such 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 safe drinking water 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 16 rules as established by the Board, the
				Board may require applicants to secure a portion of project funding from either
				Chapter 16 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.