An Act Regarding Dam Repair sets a $1,000,000 loan limit per application and allows for matching funds and loan forgiveness.
An Act Regarding Dam Repair establishes a maximum loan limit of $1,000,000 per application under the Dam Repair and Reconstruction Fund. It sets a payback period for loans that must be between certain years but cannot exceed the useful life of the proposed project. The bill allows the department to require applicants to provide matching funds and to establish a loan forgiveness program.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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