Washington · statute · Wash. Rev. Code ch. 90.50A · 10 active provisions
The long-range health and environmental goals for the state of Washington require the protection of the state's surface and underground waters for the health, safety, use, enjoyment, and economic benefit of its people. It is the purpose of this chapter to provide an account to receive federal capitalization grants to p…
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Clean water act" means 33 U.S.C. Sec. 1251 through 1388, as it existed on June 9, 2016.(2) "Debt service" means the total of all principal, interest, and administration charges associated with a water pollut…
(1) The water pollution control revolving fund is hereby established in the state treasury. Moneys in this fund may be spent only after legislative appropriation. Moneys in the fund may be spent only in a manner consistent with this chapter.(2) The water pollution control revolving fund shall consist of:(a) All capital…
The department shall use the moneys in the water pollution control revolving fund to provide financial assistance as provided in the clean water act and as provided in RCW 90.50A.040:(1) To make loans, on the condition that:(a) Such loans are made at or below market interest rates, including interest free loans, at ter…
Moneys deposited in the water pollution control revolving fund shall be administered by the department. In administering the fund, the department shall:(1) Consistent with RCW 90.50A.030 and 90.50A.080, allocate funds for loans in accordance with the annual project priority list in accordance with the clean water act;(…
Any public body receiving a loan from the fund shall:(1) Appear on the annual project priority list to be identified for funding under the clean water act;(2) Submit an application to the department;(3) Establish and maintain a dedicated source of revenue or other acceptable source of revenue for the repayment of the l…
If a public body defaults on payments due to the fund, the state may withhold any amounts otherwise due to the public body and direct that such funds be applied to the indebtedness and deposited into the account.
The department shall establish by rule policies for establishing loan terms and interest rates for loans made from the fund that assure that the objectives of this chapter are met and that adequate funds are maintained in the fund to meet future needs.
(1) In administering the fund, the department shall give priority consideration to:(a) A public body that is a Puget Sound partner, as defined in RCW 90.71.010; and(b) A project that is referenced in the action agenda developed by the Puget Sound partnership under RCW 90.71.310.(2) When implementing this section, the d…
(1) The water pollution control revolving administration account is created in the state treasury. All receipts from charges authorized in this section must be deposited in the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used only in a manner consistent wit…