N.H. Admin. Code § Env-Dw 1106.02

Current through Register No. 50, December 12, 2024

Section Env-Dw 1106.02 - Original Loan Agreement

(a) Following acceptance of the application and upon availability of funds, a loan agreement shall be executed between the state and the applicant.

(b) The loan agreement shall contain the following provisions:

(1) The loan amount;

(2) The interest rate for the loan;

(3) The term of repayment;

(4) A description of the project;

(5) Authorization for representatives of the department and applicable federal agencies to examine any of the loan recipient's records that pertain to transactions relating to the loan agreement, construction contracts, or engineering contracts for the purpose of inspection, audit, and copying during normal business hours; and

(6) A requirement for the recipient to develop and adhere to an asset maintenance and renewal plan for the funded improvements.

(c) The loan agreement shall be subject to approval by the governor and executive council.

N.H. Admin. Code § Env-Dw 1106.02

(See Revision Note at chapter heading for Env-Dw 1100) #8702, eff 8-24-06

Amended by Volume XXXV Number 06, Filed February 12, 2015 , Proposed by #10772, Effective 1/24/2015, Expires1/24/2025.