| (1) |
The Water Quality Board may make a loan from the Utah Wastewater Loan Program Subaccount created in Subsection 73-10c-5(2)(a) or from the Utah State Revolving Fund for Wastewater Projects Subaccount created in Subsection 73-10c-5(2)(b) or a grant from the Hardship Grant Program for Wastewater Projects Subaccount created in Subsection 73-10c-5(2)(c) to a political subdivision, individual, corporation, association, state or federal agency, or other private entity to acquire, construct, or implement a nonpoint source project. |
Terms Used In Utah Code 73-10c-4.5
- Board: means the Board of Water Resources created in Section 73-10-1. See Utah Code 73-10c-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Nonpoint source project: means a facility, system, practice, study, activity, or mechanism that abates, prevents, or reduces the pollution of waters of this state by a nonpoint source. See Utah Code 73-10c-2
- Political subdivision: means a county, city, town, improvement district, water conservancy district, special service district, drainage district, metropolitan water district, irrigation district, separate legal or administrative entity created under Title 11, Chapter 13, Interlocal Cooperation Act, or any other entity constituting a political subdivision under the laws of this state. See Utah Code 73-10c-2
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Water Quality Board: means the Water Quality Board appointed according to Section 19-5-103. See Utah Code 73-10c-2
| (2) |
The Water Quality Board may only award a loan or grant for a nonpoint source project that will achieve one or more of the following objectives:
| (a) |
abate or reduce raw sewage discharges; |
| (b) |
repair or replace failing individual on-site wastewater disposal systems; |
| (c) |
abate or reduce untreated or uncontrolled runoff; |
| (d) |
improve critical aquatic habitat resources; |
| (e) |
conserve soil, water, or other natural resources; |
| (f) |
protect and improve ground water quality; |
| (g) |
preserve and protect the beneficial uses of waters of the state; |
| (h) |
reduce the number of water bodies not achieving water quality standards; |
| (i) |
improve watershed management; or |
| (j) |
prepare and implement total maximum daily load (TMDL) assessments. |
|
| (3) |
The Water Quality Board shall:
| (a) |
determine the amount, term, and interest rate for each loan made under this section; |
| (b) |
assure that adequate security is obtained for each loan; |
| (c) |
establish criteria and procedures for determining priority nonpoint source projects and award loans in accordance with those priorities; and |
|
Amended by Chapter 382, 2008 General Session
