Water Bank definition

Water Bank means the New Jersey Environmental Infrastructure Financing Program implemented by the NJDEP and the I-Bank in partnership to provide loans to Borrowers for Environmental Infrastructure Projects pursuant to N.J.S.A. 58:11B-1 et seq., the Federal Clean Water Act and the Federal Drinking Water Act.

Water Bank means a contract water bank or a statutory water bank.

Water Bank means a procedure for tracking additions and/or reductions in ground water consumptive use within the District in accordance with Rule 10.2.

Examples of Water Bank in a sentence

• Junior Lien Bond Policy: Neither the Water Bank nor the Transportation Bank require debt service reserve funds of I-Bank Investment Grade Rated Authorities to act as security for the I-Bank Loan Bond or the Fund Loan Bond issued by such Authority.

• The requisition process is designed based on the successful Water Bank and Transportation Bank requisition processes administered by the I-Bank, which includes oversight of federal compliance requirements during construction.

• The creditworthiness standards and requirements established by this Credit Policy (including, without limitation, the Credit Eligibility Requirements contained in Section VI:2 hereof), as this Credit Policy may be amended further by the I-Bank from time to time, have been accepted and approved by the State Treasurer for application by the I-Bank to all financings provided by the State through the Water Bank Financing Program, including, without limitation, any loan made by the State through the NJDEP.

• The I-Bank’s current financial auditor (CliftonLarsonAllen LLP), which performs a comprehensive audit for the I-Bank and its existing financing programs, including a single audit and the Clean Water / Drinking Water audit for the Water Bank program, will conduct an independent audit of the Program to ensure financial integrity for the Annual and Biennial Audits.

• A Finding of Unacceptable Credit Risk / Notification of Ineligibility: Any Finding of Unacceptable Credit Risk shall exist when evidenced in a written instrument by the I-Bank and delivered to the Applicant and shall render the Applicant ineligible to receive an I-Bank Loan from the Water Bank or Transportation Bank for such Financing Program year (i.e., the then-current State Fiscal Year).

More Definitions of Water Bank

Water Bank means a water purchasing mechanism whereby willing sellers are paid to forego use of a portion of their supplies in a year of water shortage, and purchased water is either stored or reallocated to meet specified needs.

Water Bank means an allocation method which requires that water withdrawn from new water sources, increases in existing water sources, or water recovered through demand management, or other means be divided between new users and the reduction of a water deficit situation.

Water Bank or "bank" means the Texas Water Bank.

Water Bank means a private not-for-profit corporation that: (1) Leases water from water rights that have been deposited in the bank; and (2) provides safe deposit accounts. A water bank may be a groundwater bank or a surface water bank, or both.

Water Bank means a water purchasing mechanism whereby willing sellers are paid to forego use of

Water Bank or "bank" means a regional water bank

Water Bank means an entity into which water rights may be