3745-150-14. Economic and financial need

(A) To define assistance proposals which may receive reduced interest rates under the high economic need provision of section 6111.036 of the Revised Code, the director shall develop criteria which consider median household income, size of population served, and economies of scale, and may incorporate other factors related to paying for the costs of the construction and operation of wastewater collection and treatment systems. Only assistance proposals which provide residential wastewater treatment service shall be eligible for such rates.

(B) The director shall determine the level of economic need, and the interest rates to be awarded under this provision. Projects qualifying for reduced interest rates under this rule shall also receive additional ranking points, as provided in paragraph (C) of rule 3745-150-13 of the Administrative Code.

Five Year Review (FYR) Dates: 9/1/2017 and 09/01/2022
Promulgated Under: 119.03
Statutory Authority: 6111.036
Rule Amplifies: 6111.036
Prior Effective Dates: 12/21/2006, 02/20/2012

Prior History: (Effective: 02/20/2012
R.C. 119.032 review dates: 11/30/2011 and 11/30/2016
Promulgated Under: 119.03
Statutory Authority: 6111.036
Rule Amplifies: 6111.036
Prior Effective Dates: 12/21/2006 )