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  1. The purpose of this part is to:

    1. Facilitate statewide compliance with state and federal water quality standards;
    2. Provide local governments in the state with low-cost financial assistance relative to necessary wastewater facilities through the creation of a self-sustaining revolving loan program so as to improve and protect water quality and public health; and
    3. Establish fiscal self-sufficiency of wastewater facilities.
  2. It is intended that the revolving loan program be used in coordination with state and federal assistance programs.