A. The division shall establish a program to provide financial assistance to qualified borrowers, individually or jointly, for eligible projects. The division as agent of the commission is authorized to enter into contracts and other agreements to carry out the provisions of the Wastewater Facility Construction Loan Act, including contracts and agreements with federal agencies, local authorities and other parties.
B. The commission shall adopt a system for the ranking of eligible projects for financial assistance.
History: Laws 1991, ch. 172, § 5; 2018, ch. 19, § 4.
ANNOTATIONSThe 2018 amendment, effective May 16, 2018, clarified that funding assistance is available to qualified borrowers for eligible projects as provided by the federal Clean Water Act; in Subsection A, after "provide financial assistance to", deleted "local authorities" and added "qualified borrowers", after "jointly, for", deleted "acquisition, construction or modification of wastewater facilities" and added "eligible projects", after "Wastewater Facility", deleted "Loan", and after "Construction", added "Loan"; and in Subsection B, after "ranking of", deleted "wastewater facility construction" and added "eligible".