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<br />177V J-\lHt:::HUllU::Hl::' lV lHt::: .::Htlt::: .LJl11ll\.lHg VV C:llt:::l J-\.I.;l <br /> <br />which the public water system is located. The Administrator may <br />publish information to assist States in establishing <br />affordability criteria. <br /> <br />~'(e) State Contribution.--Each agreement under subsection (a) shall <br />require that the State deposit in the State loan fund from State moneys <br />an amount equal to at least 20 percent of the total amount of the grant <br />to be made to the State on or before the date on which the grant payment <br />is made to the State, except that a State shall not be required to <br />deposit such amount into the fund prior to the date on which each grant <br />payment is made for fiscal years 1994, 1995, 1996, and 1997 if the State <br />deposits the State contribution amount into the State loan fund prior to <br />September 30, 1999. <br /> <br />[[Page 110 STAT. 1667J] <br /> <br />""(f) Types of Assistance.--Except as otherwise limited by State <br />law, the amounts deposited into a State loan fund under this section may <br />be used only-- <br />'~(1) to make loans, on the condition that-- <br />""(A) the interest rate for each loan is less than <br />or equal to the market interest rate, including an <br />interest free loan; <br />""(B) principal and interest payments on each loan <br />will commence not later than 1 year after completion of <br />the project for which the loan was made, and each loan <br />will be fully amortized not later than 20 years after <br />the completion of the project, except that in the case <br />of a disadvantaged community {as defined in subsection <br />(d) (3)), a State may provide an extended term for a <br />loan, if the extended term-- <br />""(i) terminates not later than the date that <br />is 30 years after the date of project completion; <br />and <br />""(ii) does not exceed the expected design <br />life of the project; <br />""(e) the recipient of each loan will establish a <br />dedicated source of revenue (or, in the case of a <br />privately owned system, demonstrate that there is <br />adequate security) for the repayment of the loan; and <br />""(D) the State loan fund will be credited with all <br />payments of principal and interest on each loan; <br />""(2) to buy or refinance the debt obligation of a <br />municipality or an intermunicipal or interstate agency within <br />the State at an interest rate that is less than or equal to the <br />market interest rate in any case in which a debt obligation is <br />incurred after July 1, 1993; <br />"(3) to guarantee, or purchase insurance for, a local <br />obligation (all of the proceeds of which finance a project <br />eligible for assistance under this section) if the guarantee or <br />purchase would improve credit market access or reduce the <br />interest rate applicable to the obligation; <br />"(4) as a source of revenue or security for the payment of <br />principal and interest on revenue or general obligation bonds <br />issued by the State if the proceeds of the sale of the bonds <br />will be deposited into the State loan fund; and <br />~'(5) to earn interest on the amounts deposited into the <br />State loan fund. <br /> <br />"(g) Administration of State Loan Funds.-- <br /> <br />http://www.epa.gov/safewater/sdwa/text.html <br /> <br />ragt:: .1':1 U1 0.1 <br /> <br />12/20/2001 <br />