Section NR 162.46 - Interest rate subsidy disbursements and project closeout(1) GENERAL. After execution of the interest rate subsidy agreement, DOA may provide interest rate subsidy for the eligible portion of project costs incurred within the scope of a scored project. The department shall determine compliance with the terms and conditions of the interest rate subsidy agreement before interest rate subsidy payments are made.(2) APPLICATION OF SUBSIDY PAYMENTS. Subsidy payments shall be applied to the interest due on the BCPL loan.(3) AMENDMENTS AND CHANGE ORDERS.(a) The eligible costs established in the interest rate subsidy agreement that were used to calculate the subsidy payment may not be increased by amendment or change order.(b) An executed interest rate subsidy agreement may be amended only if the department or DOA determines that an amendment is needed to correct an error or errors in the agreement.(4) PROJECT CLOSEOUT. All of the following project closeout procedures shall be completed as soon as is practicable after the final completion of project construction: (a)Final inspection. The recipient shall notify the department of the final completion of the project. The department may complete a final inspection of the project.(b)Documentation of minority business enterprise and women business enterprise utilization. The recipient shall document and submit information regarding utilization of MBEs and WBEs in the form required by the department. Note: An MBE/WBE utilization form is available on the Environmental Improvement Fund website at https://dnr.wisconsin.gov/aid/documents/EIF/Forms/forms.html or from the Bureau of Community Financial Assistance, Department of Natural Resources, Box 7921, Madison WI 53707-7921.
(c)Operations and maintenance. The municipality shall submit to the department evidence that its operations and maintenance manual has been updated as required by the department.(d)Department confirmation of recipient's compliance. The department shall inform DOA of the recipient's compliance with all applicable requirements of this chapter and the interest rate subsidy agreement.(e)Closeout of completed projects. If the recipient does not provide the required documents for project closeout of a completed project to the department for any CWFP interest rate subsidy agreement or other financial assistance from the environmental improvement fund and applies for funding from the environmental improvement fund for another project, the department may deny financial assistance for the new project until the previous project is closed out according to requirements in this chapter.Wis. Admin. Code Department of Natural Resources NR 162.46
CR 03-027: cr. Register November 2003 No. 575, eff. 12-1-03.Amended by, CR 14-043: cr. Register June 2015 No. 714, eff.7/1/2015.Adopted by, CR 22-045: cr. Register October 2023 No. 814, eff. 11/1/2023