DWSRF loan definition

DWSRF loan means an agreement between the board and the borrower in which the DWSRF provides funds for eligible assistance and the borrower agrees to repay the principal sum, applicable interest, and DWSRF loan fee to the DWSRF.
Sample 1Sample 2Sample 3
DWSRF loan means that portion of the Loan made by the State from the loan program established to assist publicly owned and privately owned community drinking water systems and nonprofit noncommunity drinking water systems to finance the costs of infrastructure needed to achieve or maintain compliance with the Safe Drinking Water Act and to promote the public health objectives of said Act.]
Sample 1Sample 2Sample 3

Examples of DWSRF loan in a sentence

  • Under its existing practices, the Authority closes DWSRF loans with Participants without the necessity of having available balances in its Purchase Account to fully fund those loan commitments on the date a DWSRF loan is closed.

  • Activities under this set-aside include helping systems prepare their DWSRF loan applications, assistance with improving their technical, financial, and managerial capability, training, and planning, technical assistance via sanitary survey follow-ups, direct on-site assistance and a Circuit Rider program to address any necessary improvements to the water system.

  • DWSRF loan fund - funds within the DWSRF administrative loan fee account, less encumbrances, which are more than $2 million are transferred each year to the DWSRF repayment accounts to be used for DWSRF loans.Table 2.

  • The State will expend all funds in the DWSRF loan fund in a timely and expeditious manner in accordance with the EPA Drinking Water State Revolving Fund (DWSRF) National Unliquidated Obligations Strategy of April 14, 2014.

  • The NJDEP’s loan origination fee is not included in the principal amount of the DWSRF loan and is separately accounted for.

  • For land with structures or other improvements, only the appraised value of the land is DWSRF loan eligible, not the appraised value of the land with the structures or improvements.

  • A DWSRF loan may include the costs of project planning and services incurred prior to construction (e.g., costs associated with preparing the PER, plans and specifications, advertising, pre-bid conference, bidding procedures, pre-construction conference, loan application, or administration).

  • Continue to work closely with DWSRF loan applicants to ensure well-coordinated regulatory reviews and loan preparation activities.

  • The SDWA requires that a public water system applying for a DWSRF loan must show that it has the technical, financial and managerial capacity to ensure compliance.

  • Approval of a DWSRF loan is contingent on approval by the Local Government Commission (LGC).

Related to DWSRF loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term Loan as defined in Section 2.1.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Type of Loan means (i) with respect to either Term Loans or Revolving Loans, a Base Rate Loan or a Eurodollar Rate Loan, and (ii) with respect to Swing Line Loans, a Base Rate Loan.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Dollar Loan means a Loan denominated in Dollars.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.