Page:United States Statutes at Large Volume 110 Part 2.djvu/874

 110 STAT. 1666 PUBLIC LAW 104-182—AUG. 6, 1996 "(B) the criteria and methods estabhshed for the distribution of funds; and "(C) a description of the financial status of the State loan fund and the shori;-term and long-term goals of the State loan fund. " (3) USE OF FUNDS. — "(A) IN GENERAL.—An intended use plan shall provide, to the maximum extent practicable, that priority for the use of funds be given to projects that— "(i) address the most serious risk to human health; "(ii) are necessary to ensure compliance with the requirements of this title (including requirements for filtration); and "(iii) assist systems most in need on a per household basis according to State affordability criteria. Publications. "(B) LiST OF PROJECTS. — Each State shall, after notice Records. and opportunity for public comment, publish and periodically update a list of projects in the State that are eligible for assistance under this section, including the priority assigned to each project and, to the extent known, the expected funding schedule for each project. "(c) FUND MANAGEMENT.— Each State loan fund under this section shall be established, maintained, and credited with repay- ments and interest. The fund corpus shall be available in perpetuity for providing financial assistance under this section. To the extent amounts in the fund are not required for current obligation or expenditure, such amounts shall be invested in interest bearing obligations. ^ "(d) ASSISTANCE FOR DISADVANTAGED COMMUNITIES.— "(1) LOAN SUBSIDY.— Notwithstanding any other provision of this section, in any case in which the State makes a loan pursuant to subsection (a)(2) to a disadvantaged community or to a community that the State expects to become a disadvantaged community as the result of a proposed project, the State may provide additional subsidization (including forgiveness of principal). "(2) TOTAL AMOUNT OF SUBSIDIES. — For each fiscal year, the total amount of loan subsidies made by a State pursuant to paragraph (1) may not exceed 30 percent of the amount of the capitalization grant received by the State for the year. "(3) DEFINITION OF DISADVANTAGED COMMUNITY.— In this subsection, the term 'disadvantaged community' means the service area of a public water system that meets affordability criteria established after public review and comment by the State in which the public water system is located. The Administrator may publish information to assist States in establishing affordability criteria. "(e) STATE CONTRIBUTION. —Each agreement under subsection (a) shall require that the State deposit in the State loan fund from State moneys an amount equal to at least 20 percent of the total amount of the grant to be made to the State on or before the date on which the grant payment is made to the State, except that a State shall not be required to deposit such amount into the fund prior to the date on which each grant payment is made for fiscal years 1994, 1995, 1996, and 1997 if the State deposits the State contribution amount into the State loan fund prior to September 30, 1999.

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