Ga. Comp. R. & Regs. R. 267-13-.07 - The Criteria for the Award of the Grant

Subsidized loans will be awarded to those communities, which meet the affordability criteria for disadvantaged communities. The affordability test consist of 1) determining whether a community is performing at a reasonable level of effort given its economic characteristics, based upon the minimum monthly household water bill for 6,000 gallons and 2) the community's 2000 Median Household Income (MHI) multiplied by 1.25 percent to ascertain the target user rate. Should the actual resulting user rate be higher than the target monthly water rate, the community will be eligible to be considered "disadvantaged" for the purposes of a subsidized loan not to exceed $500,000. Communities must also be on the DWSRF priority list.

Notes

Ga. Comp. R. & Regs. R. 267-13-.07

O.C.G.A. Sec. 50-23-5.

Original grant description entitled "The Criteria for the Award of the Grant" received June 6, 1997. Submitted: Dec. 23, 1998. Submitted: Nov. 20, 2000. Submitted: Oct. 19, 2001. Submitted: June 18, 2002. Submitted: Aug. 20, 2003. Submitted: Aug. 20, 2004.