(a) CWSRF and DWSRF. Federal law governs loans and grants fromthe CWSRF and the DWSRF. An award of a loan or grant from one of these accountsmust be consistent with federal law.
(b) Reserve Cost Limit. The amount of a loan or grant from theWastewater Reserve or the Drinking Water Reserve may not exceed theconstruction costs of a project. A loan or grant from one of these Reserves isavailable only to the extent that other funding sources are not reasonably availableto the applicant.
(c) Reserve Recipient Limit. The following limits apply to aloan or grant made from the Wastewater Reserve or the Drinking Water Reserve tothe same local government unit or nonprofit water corporation:
(1) The amount of loans awarded for a fiscal year may not exceedthree million dollars ($3,000,000).
(2) The amount of loans awarded for three consecutive fiscalyears for targeted interest rate projects may not exceed three million dollars($3,000,000).
(3) The amount of high‑unit‑cost grants awarded forthree consecutive fiscal years may not exceed three million dollars($3,000,000).
(4) The amount of technical assistance grants awarded for threeconsecutive fiscal years may not exceed fifty thousand dollars ($50,000). (2005‑454, s. 3.)
(a) CWSRF and DWSRF. Federal law governs loans and grants fromthe CWSRF and the DWSRF. An award of a loan or grant from one of these accountsmust be consistent with federal law.
(b) Reserve Cost Limit. The amount of a loan or grant from theWastewater Reserve or the Drinking Water Reserve may not exceed theconstruction costs of a project. A loan or grant from one of these Reserves isavailable only to the extent that other funding sources are not reasonably availableto the applicant.
(c) Reserve Recipient Limit. The following limits apply to aloan or grant made from the Wastewater Reserve or the Drinking Water Reserve tothe same local government unit or nonprofit water corporation:
(1) The amount of loans awarded for a fiscal year may not exceedthree million dollars ($3,000,000).
(2) The amount of loans awarded for three consecutive fiscalyears for targeted interest rate projects may not exceed three million dollars($3,000,000).
(3) The amount of high‑unit‑cost grants awarded forthree consecutive fiscal years may not exceed three million dollars($3,000,000).
(4) The amount of technical assistance grants awarded for threeconsecutive fiscal years may not exceed fifty thousand dollars ($50,000). (2005‑454, s. 3.)
(a) CWSRF and DWSRF. Federal law governs loans and grants fromthe CWSRF and the DWSRF. An award of a loan or grant from one of these accountsmust be consistent with federal law.
(b) Reserve Cost Limit. The amount of a loan or grant from theWastewater Reserve or the Drinking Water Reserve may not exceed theconstruction costs of a project. A loan or grant from one of these Reserves isavailable only to the extent that other funding sources are not reasonably availableto the applicant.
(c) Reserve Recipient Limit. The following limits apply to aloan or grant made from the Wastewater Reserve or the Drinking Water Reserve tothe same local government unit or nonprofit water corporation:
(1) The amount of loans awarded for a fiscal year may not exceedthree million dollars ($3,000,000).
(2) The amount of loans awarded for three consecutive fiscalyears for targeted interest rate projects may not exceed three million dollars($3,000,000).
(3) The amount of high‑unit‑cost grants awarded forthree consecutive fiscal years may not exceed three million dollars($3,000,000).
(4) The amount of technical assistance grants awarded for threeconsecutive fiscal years may not exceed fifty thousand dollars ($50,000). (2005‑454, s. 3.)
