Wash. Admin. Code § 173-98-320

Current through Register Vol. 24-20, October 15, 2024
Section 173-98-320 - Forgivable principal

Forgivable principal. The department will use Table 3 to determine the amount of forgivable principal loan funding provided to an eligible hardship project. Financial hardship will be determined based on the provisions in WAC 173-98-300 and the ceiling amounts in WAC 173-98-520. In addition, in accordance with the act, the department must consider unemployment for the purposes of awarding forgivable principal loan for hardship.

Table 3

Forgivable Principal for Hardship

Sewer user fee divided by MHI is:Below two percent (nonhardship)Above two but below three percent (moderate hardship)Above three but below five percent (elevated hardship) Above five percent (severe hardship)
Forgivable principal eligibility: Not eligible Fifty percent up to ceiling amount Seventy-five percent up to ceiling amount One hundred percent up to ceiling amount

Wash. Admin. Code § 173-98-320

Amended by WSR 17-17-040, Filed 8/9/2017, effective 9/9/2017

Statutory Authority: Chapter 90.50A RCW, RCW 90.48.035, and 43.21A.080. 11-20-036 (Order 10-14), § 173-98-320, filed 9/27/11, effective 10/28/11. Statutory Authority: RCW 90.48.035. 07-14-096 (Order 05-16), § 173-98-320, filed 6/29/07, effective 7/30/07.