Section 365.110  Purpose

a)         The Water Quality Act of 1987 (the  1987 Amendments) which amended the federal Water Pollution Control Act (33 USC 1251 et seq.) sets forth a schedule and mechanism for the transition from the federal level to the State and local level for responsibility of funding wastewater treatment facilities.  Title VI of the 1987 Amendments creates a new authority that authorizes the United States Environmental Protection Agency (USEPA) to make grants to states to capitalize State water pollution control revolving funds. Title VI also establishes specific requirements for states for the development and operation of the State loan programs, some of which must be assumed by the loan recipient.

b)         This Part 365 sets forth procedures to be used by the Illinois Environmental Protection Agency to operate the Water Pollution Control Loan Program (WPCLP), including the issuance of loans for the construction of wastewater treatment works as authorized by P.A. 85-1135, effective September 1, 1988 and amended by P.A. 90-121, effective July 17, 1997 and the use of additional subsidization terms, including forgiveness of principal, negative interest rates, and grants to eligible applicants for the construction of wastewater facilities and other facilities that meet the federal green project reserve requirement.

(Source:  Amended at 34 Ill. Reg. 17582, effective November 8, 2010)