33 Miss. Code. R. 1-3.2.1

Current through June 25, 2024

Rule 33-1-3.2.1

3. 2.1.1 Upon determination by the Department staff that:

1. all applicable requirements of this regulation have been met,

2. all applicable documents have been approved,

3. all applicable permits have been issued or will be issued, and

4. funds are available for the amount of the DWSELF loan application, the Department will seek approval of the DWSELF loan award from the Board.

3. 2.1.2 If the Board approves the DWSELF loan application, the Board Chairman, or his designee, will execute and transmit a DWSELF loan offer (includes an offer letter, loan agreement and initial repayment agreement) to the loan recipient. In addition to the estimated allowable project costs as described in Appendix A of this regulation and any administration fee, the loan offer may include a construction contingency, as determined by the Department staff, in the project budget. If determined necessary by the Department staff, this contingency may be reduced after receipt of construction bids, as described in Section III.B.(6) below.

33 Miss. Code. R. 1-3.2.1

Miss. Code Ann. § 41-3-16(3)(b)