SECTION 403.8533. Drinking Water Revolving Loan Trust Fund.
Latest version.
1(1) 2There is created the Drinking Water Revolving Loan Trust Fund to be administered by the Department of Environmental Protection for the purposes of:
25(a) 26Funding for low-interest loans for planning, engineering design, and construction of public drinking water systems and improvements to such systems;
46(b) 47Funding for compliance activities, operator certification programs, and source water protection programs;
59(c) 60Funding for administering loans by the department; and
68(d) 69Paying amounts payable under any service contract entered into by the department under s. 83403.1837, 84subject to annual appropriation by the Legislature.
91(2) 92The trust fund shall be used for the deposit of all moneys awarded by the Federal Government to fund revolving loan programs. All moneys in the fund that are not needed on an immediate basis for loans shall be invested pursuant to s. 135215.49136. The principal and interest of all loans repaid and investment earnings shall be deposited into this fund.
154(3) 155Pursuant to s. 19(f)(3), Art. III of the State Constitution, the Drinking Water Revolving Loan Trust Fund is exempt from the termination provisions of s. 19(f)(2), Art. III of the State Constitution.
