ATTACHMENTS.TO.STAFF.REPORT-EQC

DETP/19/2500

''Wednesday, June 26, 2019 at 4:18:33 PM (GMT+07:00) Goldstein, Meyer:'' Rule Caption: Clean Water State Revolving Fund – Use of Federal Funds. Adm. Order No.: DEQ 13-2010 Filed with Sec. of State: 10-27-2010 Certified to be Effective: 10-27-10 Notice Publication Date: 7-1-2010 Rules Amended: 340-054-0010, 340-054-0025, 340-054-0065 Subject: These rule revisions align Oregon’s Clean Water State Revolving Fund loan program with changes in federal requirements. This rulemaking amend the Department of Environmental Quality’s loan program in OAR 340-054-0025 and 0065 to establish a green project financial reserve and allow additional subsidization respectfully, as required by federal appropriations. A minor, clarifying edit is made in OAR 340-054-0010 to include a definition for principal forgiveness. The rulemaking will allow Department of Environmental Quality to set aside 20% of its annual CWSRF capitalization grant as a reserve to fund qualifying green projects, and provide additional subsidization in the form of principal forgiveness to eligible loan applicants. This rulemaking may affect public entities (cities, counties, various public districts and tribal nations) eligible for funding through the Department’s Clean Water State Revolving Fund loan program.