25 Pa. Code § 965.9 - Loan conditions
(a) The
borrower shall certify in writing that it has the legal, institutional and
financial capability to implement the project over its entire design life. For
sewerage facilities, this certification shall include the following:
(1) A certified copy of its sewer use
ordinance which shall be enacted prior to receiving 95% of the loan
funds.
(2) A certified copy of its
ordinance or resolution establishing a user charge system, which shall be
implemented prior to receiving 95% of the loan funds.
(b) The borrower shall certify in writing
that the project has met the requirements of the CWSRF and undergone a SERP as
required by the Department and the Authority.
(c) The borrower shall meet project
performance standards within 1 year after the initiation of operation in
accordance with The Clean Streams Law design specifications and the effluent
requirements of its NPDES permit.
(d) The borrower shall submit an affirmative
performance certification within 1 year after the initiation of
operation.
(e) If the borrower
cannot submit an affirmative performance certification, the borrower shall
submit a corrective action report.
(f) The borrower shall provide the Authority
with the right to audit its sewer use ordinance or its user charge
system.
(g) The borrower shall
provide the Authority with status reports at the Authority's request until the
project is completed.
(h) The
borrower shall maintain financial records in accordance with governmental
accounting standards and conduct an annual audit of the financial records as
required by the CWSRF and the Single Audit Act of 1984 (31 U.S.C.A. §§
7501-7507) and the corresponding
regulations at 15 CFR Part 8 Subpart A (relating to general provisions;
prohibitions: nondiscrimination clause; applicability to programs).
Notes
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