(a)The making of grants and loans and the
providing of other financial assistance from the water infrastructure
assistance fund to or for the benefit of participants under this chapter
are subject to the following conditions:
(1)A grant, loan, or other financial assistance may be used:
(A)for:
(i)the planning, designing, acquiring, constructing,
renovating, improving, or expanding of public water systems;
and
(ii)other activities necessary or convenient to the completion
of the tasks referred to in item (i);
(B)to:
(i)establish guaranties, reserves, or sinking funds, including
guaranties, reserves, or sinking funds to secure and pay, in
whole or in part, loans or other financial assistance made
from sources other than the fund (including financial
institutions), for a purpose permit
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(a) The making of grants and loans and the
providing of other financial assistance from the water infrastructure
assistance fund to or for the benefit of participants under this chapter
are subject to the following conditions:
(1) A grant, loan, or other financial assistance may be used:
(A) for:
(i) the planning, designing, acquiring, constructing,
renovating, improving, or expanding of public water systems;
and
(ii) other activities necessary or convenient to the completion
of the tasks referred to in item (i);
(B) to:
(i) establish guaranties, reserves, or sinking funds, including
guaranties, reserves, or sinking funds to secure and pay, in
whole or in part, loans or other financial assistance made
from sources other than the fund (including financial
institutions), for a purpose permitted by clause (A); or
(ii) provide interest subsidies;
(C) to pay financing charges, including interest on the loan
during construction and for a reasonable period after the
completion of construction; or
(D) to pay the following:
(i) Consultant, advisory, and legal fees.
(ii) Other costs or expenses necessary or incident to the
making of grants, loans, or other financial assistance or the
administration of the fund or the program.
(2) A grant may be used for tasks associated with the
development and preparation of water infrastructure and resource
analyses.
(3) The authority must establish the terms and conditions that the
authority considers necessary or convenient to the making of
grants or loans or providing of other financial assistance under
this chapter.
(b) In addition to exercising its powers under subsection (a), the
authority may also make grants or loans or provide other financial
assistance from the fund to or for the benefit of a participant under the
following conditions:
(1) A grant, loan, or other financial assistance may be used:
(A) for planning, designing, acquiring, constructing, renovating,
improving, or expanding wastewater or storm water collection
and treatment systems, and other activities necessary or
convenient to the completion of these tasks;
(B) to:
(i) establish guaranties, reserves, or sinking funds, including
guaranties, reserves, or sinking funds to secure and pay, in
whole or in part, loans or other financial assistance made
from sources other than the water infrastructure assistance
fund (including financial institutions), for a purpose
permitted by clause (A); or
(ii) provide interest subsidies;
(C) to pay financing charges, including interest on the loan
during construction and for a reasonable period after the
completion of construction; or
(D) to pay:
(i) consultant, advisory, and legal fees; and
(ii) other costs or expenses necessary or incident to the grant,
loan, or other financial assistance or the administration of the
water infrastructure assistance fund or the infrastructure
program.
(2) A grant may be used for tasks associated with the
development and preparation of:
(A) long term control plans;
(B) use attainability analyses;
(C) storm water management programs; or
(D) other wastewater or storm water infrastructure and resource
analyses.
(3) The authority must establish the terms and conditions that the
authority considers necessary or convenient to the making of
grants or loans or providing of other financial assistance under
this chapter.