02-A WTP Improvement Grant - Laserfiche WebLink

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the borrower would receive in the open market at the time of loan closing. The maximum repayment period for most DWSRF loans is 20 years from the completion of construction. A cost-recovery loan origination charge is imposed to cover the administrative costs of operating the DWSRF, but an interest rate subsidy is offered to offset the charge. WHAT IS THE APPLICATION AND APPROVAL PROCESS? PRE-APPLICATION: Prospective loan applicants are asked to submit a brief DWSRF Information Form DW- 006 to the Texas Water Development Board (TWDB) each year for inclusion in an Intended Use Plan (IUP) developed for that year. For Fiscal Year 2002, the form must be submitted to the TWDB and must have been postmarked not later than February 5, 2001. The Information Form describes the applicant's existing water facilities, additional facility needs and the nature of projects being considered for meeting those needs and project cost estimates. The Texas Commission on Environmental Quality (TCEQ) prioritizes potential DWSRF loan applicants project using information contained in their files. Loan funds are distributed based upon the priority rating and an applicant's readiness to proceed. TWBD staff will notify prospective applicants of their priority rating and will encourage them to schedule a pre-planning conference for guidance in preparing the engineering, planning, environmental, financial and water conservation portions of the DVVSRF application. Click HERE to access the Program Guidance Manual, and other forms and guidelines. Click HERE to access the DWSRF Priority List for FY 2004. APPLICATION AND COMMITMENT: The applicant must submit an engineering feasibility report and environmental information, as well as general, fiscal, and legal application information (Financial Assistance Application Procedure Guidelines ~) to the appropriate TWDB regional project manager for staff review. These application materials must be submitted by the first business day of the month preceding the month during which the applicant desires Board consideration. The applicant is encouraged to meet with TWDB staff for assistance in the preparation of the application and to discuss the terms of the loan. Completed applications for DWSRF loans are considered by the Board usually in Austin on the third Wednesday of each month, at which time the Board may commit to fund the project. Tentative Meetinq Schedule LOAN CLOSING OPTIONS: Using the TWDB pre-design funding option, an eligible applicant receives a loan