R317-101-6. Financial Assistance for Large Underground Wastewater Disposal Systems

  A. Large Underground Wastewater Disposal Systems (LUWDS) projects, as defined in Subsection 73-10c-2(9), may be eligible for funding from the state revolving loan funds and from the Hardship Grant Program. Application and project initiation procedures including loans, credit enhancement, interest buy-down and hardship grant consideration policies for LUWDS are defined in Sections R317-101-3 through R317-101-4 except as otherwise stated.

  B. The following procedures apply to LUWDS project loans:

  1. Projects will be prioritized according to criteria established in Section R317-100-4, Utah State Project Priority System for the Utah Wastewater Project Assistance Program.

  2. The maximum term of LUWDS project loans will be twenty years but not beyond a term exceeding the depreciable life of the project.

  3. The interest rate on LUWDS project loans will be determined by the Board.

  C. The following procedures apply to LUWDS project grants. Hardship Grants may be considered for LUWDS projects that meet criteria established in Section R317-101-4 and that:

  1. address a critical water quality need or health hazard;

  2. would otherwise not be economically feasible; or

  3. implement provisions of TMDLs.