§ 68-221-1201. Short Title
This part shall be known and may be cited as the “Drinking Water Revolving Loan Fund Act of 1997.”
§ 68-221-1202. Purpose and Intent
The purpose of this part is to: Facilitate statewide compliance with state and federal drinking water standards; Provide Tennessee water systems with low-cost loans and other financial assistance for system improvements through the creation of a self-sustaining revolving loan program so as to improve drinking water systems; and Enable the department to receive and use […]
§ 68-221-1203. Part Definitions
Terms used in this part that are defined in §§ 68-221-703 and 68-221-1003 shall have the same meaning in this part. As used in this part, unless the context otherwise requires: “Federal act” means the Safe Drinking Water Act, or Title XIV of the Public Health Service Act, compiled in 42 U.S.C. § 300f et […]
§ 68-221-1204. Drinking Water Revolving Loan Fund
There is created in the state treasury a revolving loan fund to be known as the “drinking water revolving loan fund.” The authority shall administer the fund and may adopt rules and regulations for such administration. All interest and earnings of the fund shall remain a part of the fund. No part of the fund […]
§ 68-221-1205. Program for Loans, Financing and Refinancing — Powers of Department and Authority — Priority System and List — Affordability Criteria — Intended Use Plan — Recommendations for Loans — Audit
The department, in conjunction with the authority shall administer a program for loans to water systems and the department may adopt regulations to govern the application procedure for loans under this part as well as to effectuate the purposes of this part. The department shall recommend to the authority an appropriate financing method for each […]
§ 68-221-1206. Prerequisites for and Terms of Loans
Loans shall be made only to water systems that: Are on the department’s water system priority ranking list established pursuant to § 68-221-1205; Use the funds only for expenditures that will facilitate compliance with the federal act and the state act or otherwise significantly further the public health protection objectives of those acts; In the […]