House Amendment 8010


PAG LIN




     1  1    Amend Senate File 261, as passed by the Senate, as
     1  2 follows:
     1  3 #1.  Page 1, by inserting before line 1 the
     1  4 following:
     1  5    <Section 1.  NEW SECTION.  16.135  UNSEWERED
     1  6 COMMUNITY REVOLVING LOAN PROGRAM == FUND.
     1  7    1.  The authority shall establish and administer an
     1  8 unsewered community revolving loan program.
     1  9 Assistance under the program shall consist of
     1 10 no=interest loans with a term not to exceed forty
     1 11 years and shall be used for purposes of installing
     1 12 sewage disposal systems in a city without a sewage
     1 13 disposal system or in an area where a cluster of homes
     1 14 is located.
     1 15    2.  An unsewered community may apply for assistance
     1 16 under the program.  In awarding assistance, the
     1 17 authority shall encourage the use of innovative,
     1 18 cost=effective sewage disposal systems and
     1 19 technologies.  The authority shall adopt rules that
     1 20 prioritize applications for disadvantaged unsewered
     1 21 communities.
     1 22    3.  For purposes of this section, "an area where a
     1 23 cluster of homes is located" means an area located in
     1 24 a county which includes six or more homes but less
     1 25 than five hundred homes.
     1 26    4.  An unsewered community revolving loan fund is
     1 27 created in the state treasury under the control of the
     1 28 authority and consisting of moneys appropriated by the
     1 29 general assembly and any other moneys available to and
     1 30 obtained or accepted by the authority for placement in
     1 31 the fund.
     1 32    5.  Repayments of moneys loaned and recaptures of
     1 33 loans shall be deposited in the fund.
     1 34    6.  Moneys in the fund shall be used to provide
     1 35 assistance under the unsewered community revolving
     1 36 loan program established in this section.
     1 37    7.  Moneys in the fund are not subject to section
     1 38 8.33.  Notwithstanding section 12C.7, interest or
     1 39 earnings on moneys in the fund shall be credited to
     1 40 the fund.>
     1 41 #2.  Title page, line 1, by inserting after the
     1 42 word <Act> the following:  <relating to sewage by
     1 43 creating an unsewered community revolving loan program
     1 44 and fund and by>.
     1 45 #3.  By renumbering as necessary.
     1 46
     1 47
     1 48                               
     1 49 SANDS of Louisa
     1 50 SF 261.702 82
     2  1 tw/nh/10802

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