Wyoming Administrative Code › Agency 060 - Lands and Investments, Office of › Sub-Agency 0003 - Loan and Investment Board › Chapter 16 - DRINKING WATER STATE REVOLVING FUND LOANS › Section 16-18 - IIJA Lead Service Line Replacement Funding

Current through July 13, 2024
The Board may award funding from IIJA funds under this
				  Section for projects that replace LSL. For awards under this section, the
				  provisions of this section shall supersede any inconsistent provisions in any
				  other section of this Chapter.
(a)
				Loan and Additional Subsidies Eligibility.
(i)
				Applicants. Publicly Owned Water Systems in Wyoming listed on the Project
				Priority List specifically related to LSL replacement funding shall be eligible
				to apply for loans and Additional Subsidies under the section.
(ii) Additional Subsidies. Additional
				Subsidies may be awarded in the form of Principal Forgiveness, to the extent
				available, and in accordance with all federal regulations. All loans awarded
				under this section are eligible for Principal Forgiveness, contingent on
				compliance with federal requirements. OSLI shall award points based on
				population trend, income data, and unemployment data, enterprise system rate
				management, and the prior year's propriety tax and four percent (4%) sales tax
				collections, as set forth in Section
				6 of this Chapter. Applicants whose total
				points are nine (9) or greater are eligible for Additional Subsidies of up to
				one hundred percent (100%) of their loan amount. Applicants whose total points
				are equal to or greater than six (6) but less than nine (9) are eligible for
				Additional Subsidies of up to seventy five percent (75%) of their loan amount.
				Applicants whose total points are equal to or greater than three (3) but less
				than six (6) are eligible for Additional Subsidies of up to fifty percent (50%)
				of their loan amount. Applicants whose total points are less than three (3) are
				eligible for Additional Subsidies of up to twenty-five percent (25%) of their
				loan amount.
(iii) Disadvantaged
				Community Eligibility. All entities with identified areas meeting the LSL
				definition in Section
				2(k) are considered
				disadvantaged under this section and qualify for Principal Forgiveness. OSLI
				shall determine if an applicant is disadvantaged by awarding points based on
				population trend, income data, and unemployment data, enterprise system rate
				management, and the prior year's propriety tax and four percent (4%) sales tax
				collections, as set forth in Section
				4 of this Chapter. Applicants whose total
				points are nine (9) or greater are eligible for Additional Subsidies of up to
				seventy-five percent (75%) of their loan amount. Applicants whose total points
				are equal to or greater than six (6) but less than nine (9) are eligible for
				Additional Subsidies of up to fifty percent (50%) of their loan amount.
				Applicants whose total points are equal to or greater than three (3) but less
				than six (6) are eligible for Additional Subsidies of up to twenty-five percent
				(25%) of their loan amount. Applicants whose total points are less than three
				(3) are not considered disadvantaged and are not eligible for Additional
				Subsidies.