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Water and Irrigation | |
Water Development Coordinating Council | |
Section 10 | Origination fee. |
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73-10c-10. Origination fee. (1) The Drinking Water Board and the Water Quality Board may establish an origination fee for a loan to fund the administration of the programs created by this chapter by following the procedures and requirements of Section 63J-1-504. (2) The Drinking Water Board may establish an origination fee for a federally funded loan to fund the administration of programs allowed by 42 U.S.C. Sec. 300j-12, and regulations created thereunder, by following the procedures and requirements of Section 63J-1-504. (3) An origination fee established in accordance with this section shall be part of the department fee schedule established under Section 19-1-201. (4) Notwithstanding the requirements of Section 63J-1-504, the board shall deposit a fee paid in accordance with this section in the origination fee subaccount created in Section 73-10c-5 and use the fee to administer this chapter. (5) The loan recipient may pay the origination fee from the loan proceeds.
Amended by Chapter 104, 2011 General Session |
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