Section Env-Dw 1106.09 - Repayment(a) Subject to (b), below, the recipient shall repay all funds received and interest accrued thereon to the department as stipulated in the supplemental loan agreement.(b) A disadvantaged community that has received a loan subsidy as provided in 40 CFR 35.3525 shall repay only such funds and interest remaining, if any, after the subsidy is applied.(c) Repayment shall: (1) Not exceed a 20-year repayment period, unless a 30-year term is available to, and selected by, the recipient pursuant to Env-Dw 1106.01(b)(1); and(2) Begin by the earlier of one year following the actual completion of the project or one year following the scheduled project completion as stated in the original loan agreement.(d) Should excusable delay be incurred beyond the scheduled completion date, the commissioner shall: (1) Offer to modify the loan agreement to account for the delays; and(2) If the recipient so requests, negotiate and execute an appropriate modification of the loan agreement.(e) Any recipient may repay a loan, in whole or in part, prior to the date stipulated in the loan agreement with no prepayment penalty.N.H. Code Admin. R. Env-Dw 1106.09
(See Revision Note at chapter heading for Env-Dw 1100) #8702, eff 8-24-06
Amended by Volume XXXV Number 06, Filed February 12, 2015 , Proposed by #10772, Effective 1/24/2015, Expires1/24/2025.