Section 830-RICR-10-15-4.3 - Financial AssistanceA. These Loan Policies and Procedures govern the provision of financial assistance to local governmental units to administer a program of sewer tie-ins for existing properties in their community. The STILF is a source of funds to provide subsequent loans to property owners to connect their properties to the local sewer system and abandon their individual septic systems or cesspools.B. The Bank and the local governmental unit will establish a relationship to be evidenced by a loan agreement to provide financing for property owners within the local governmental unit to connect their properties to the local sewer system and abandon their individual septic systems or cesspools. Rhode Island Housing and Mortgage Financing Corporation (RI Housing), or any other entity as selected by the Bank, or its successor, will be the loan servicer (the "Servicer") on the subsequent property owners loans. The Servicer will: 1. accept applications from property owners; 2. coordinate payments to sewer tie-in contractors/vendors; 3. collect repayments from property owners; 4. credit the property owners' repayments to the principal repayment obligation of the local governmental unit; and 5. make monthly reports to both the Bank and the local governmental unit.830 R.I. Code R. 830-RICR-10-15-4.3