74:05:08:12.02Principal

forgiveness amount determination. In exercising its discretion in determining the amount of principal forgiveness, the board may consider the following decision-making factors, which are set forth in alphabetical order: (1) Annual utility operating budgets; (2) Available local cash and in-kind contributions; (3) Available program funds; (4) Compliance with permits and regulations; (5) Debt service capability; (6) Economic impact; (7) Other funding sources; (8) Readiness to proceed; (9) Regionalization or consolidation of facilities; (10) Technical feasibility; (11) Utility rates; and (12) Water quality benefits.

Source: 36 SDR 208, effective June 28, 2010; 41 SDR 173, effective May 11, 2015.