The corporation may enter into PFAs with up to three municipalities to receive interest-free financings for the construction of innovative technology demonstration wastewater treatment facilities. No such financing shall exceed $3 million. The three projects selected shall be those that the commissioner in his discretion determines best demonstrate use of an innovative technology that has been proven reasonably effective on at least a demonstration model basis.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 2602.7