Rule 3745-150-14 | Economic and financial need.
(A) To define assistance proposals which may receive reduced interest rates under the high economic need provision of section 6111.036 of the Revised Code, the director shall develop criteria which consider median household income, size of population served, and economies of scale, and may incorporate other factors related to paying for the costs of the construction and operation of wastewater collection and treatment systems. Only assistance proposals which provide residential wastewater treatment service shall be eligible for such rates.
(B) The director shall determine the level of economic need, and the interest rates to be awarded under this provision. Projects qualifying for reduced interest rates under this rule shall also receive additional ranking points, as provided in paragraph (C) of rule 3745-150-13 of the Administrative Code.
Supplemental Information