§ 159G-31 – Entities eligible to apply for loan or grant.
159G-31. Entities eligible to apply for loan or grant. (a) A local government unit or a nonprofit water corporation is eligible to apply for a loan or grant from the CWSRF, the DWSRF, the Wastewater Reserve, or the Drinking Water Reserve. An investor-owned drinking water corporation is also eligible to apply for a loan or […]
§ 159G-32 – Projects eligible for loan or grant.
159G-32. Projects eligible for loan or grant. (a) CWSRF and DWSRF. – Federal law determines whether a project is eligible for a loan or grant from the CWSRF and the DWSRF. A project must meet the eligibility requirements set under federal law. (b) Wastewater Reserve. – The Department is authorized to make loans and grants […]
§ 159G-33 – Loans and grants available from Wastewater Reserve.
159G-33. Loans and grants available from Wastewater Reserve. (a) Types. – The Department is authorized to make the types of loans and grants listed in this subsection from the Wastewater Reserve. Each type of loan or grant must be administered through a separate account within the Wastewater Reserve. (1) Loan. – A loan is available […]
§ 159G-20 – Definitions.
159G-20. Definitions. The following definitions apply in this Chapter: (1) Affordability. – The relative affordability of a project for a community compared to other communities in North Carolina based on factors that shall include, at a minimum, water and sewer service rates, median household income, poverty rates, employment rates, the population of the served community, […]
§ 159G-21 – Revenue for water projects.
159G-21. Revenue for water projects. This Chapter governs the use of the following revenue: (1) Revenue appropriated to the Department to match federal funds received for loans and grants for wastewater and drinking water projects and revenue received by the Department from the repayment of loans made with the use of the federal funds. (2) […]
§ 159G-22 – Water Infrastructure Fund.
159G-22. Water Infrastructure Fund. (a) Fund Established. – The Water Infrastructure Fund is established as a special revenue fund. The Fund is comprised of the accounts set out in this section. The Fund provides revenue through its accounts for loans and grants as provided in this Chapter to meet the water infrastructure needs of the […]
§ 159G-23 – Priority consideration for loan or grant from Wastewater Reserve or Drinking Water Reserve.
159G-23. Priority consideration for loan or grant from Wastewater Reserve or Drinking Water Reserve. The considerations for priority in this section apply to a loan or grant from the Wastewater Reserve or the Drinking Water Reserve. The Division of Water Infrastructure must consider the following items when evaluating applications: (1) Public necessity. – A project […]