33 Miss. Code. R. 1-3.2.6

Current through December 10, 2024

Rule 33-1-3.2.6

Upon receipt of the documents required under (5) above, the Department staff will review these documents, determine whether a request for an increased loan amount is justified and eligible and that funds are available. The Department may, upon approval of the Board, if determined necessary and appropriate, transmit to the loan recipient an amended DWSELF loan offer, which includes in the project budget

1. as-bid (if applicable) and other executed construction contract amounts,

2. all other contract amounts,

3. a construction contingency as determined by the Department staff, and

4. the original administration fee.

Upon receipt of the amended DWSELF loan offer, if applicable, the loan recipient must completely execute and return it to the Department within the time-frame established in the DWSELF loan offer letter. [After execution of the amended DWSELF loan offer, the DWSELF loan amount will not be increased. Any increased project costs in excess of the amended DWSELF loan amount must be paid by the loan recipient from sources other than DWSELF funds.]

33 Miss. Code. R. 1-3.2.6

Miss. Code Ann. § 41-3-16(3)(b)