N.H. Rev. Stat. § 485-H:5

Current through Chapter 43 of the 2024 Legislative Session (with exception of Chapter 41 which is not yet available)

Section 485-H:5 - Loan Principal Forgiveness Based Upon Need

I. The department shall forgive up to 10 percent of the loan principal to municipalities, community water systems and non-profit, non-transient non-community water systems using the same qualifying standards for forgiveness used in the drinking water state revolving loan program established under RSA 486:14.

II. The department shall forgive up to 10 percent of the loan principal for publicly-owned and non-profit wastewater treatment facilities using the same qualifying standards for forgiveness used in the clean water state revolving loan program established under RSA 486:14.

III. Total loan forgiveness under this section shall not exceed $5 million.

RSA 485-H:5

Amended by 2021, 223:7, eff. 8/24/2021.

Added by 2020, 30:4, eff. 7/23/2020.

2020, 30:4, eff. July 23, 2020. 2021, 223:7, eff. Aug. 24, 2021.