<<Prev Rule

Texas Administrative Code

 Next Rule>>
TITLE 31NATURAL RESOURCES AND CONSERVATION
PART 10TEXAS WATER DEVELOPMENT BOARD
CHAPTER 375CLEAN WATER STATE REVOLVING FUND
SUBCHAPTER DAPPLICATION FOR ASSISTANCE
RULE §375.45Multi-year Commitments
(a) Commitment periods may be set for a period of up to five years. The minimum interest rate reduction for multi-year commitments will be established for the five-year period based on the interest rate reduction prescribed in the IUP for the first year's commitment.

 (b) This option is only available for projects as described in the IUP.

(c) Any entity receiving a multi-year commitment must annually re-confirm its anticipated funding commitments established with the initial commitment.

Source Note: The provisions of this §375.45 adopted to be effective July 4, 2016, 41 TexReg 4853; amended to be effective June 10, 2020, 45 TexReg 3869

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page