Instructions for Nonpoint Source Project Loan Application (Design and Construction Projects) - Oregon

Nonpoint Source Project Loan Application (Design and Construction Projects) - Oregon

This document was released by Oregon Department of Environmental Quality and contains official instructions for Nonpoint Source Project Loan Application (Design and Construction Projects) . The up-to-date fillable form is available for download through this link.

FAQ

Q: What is a Nonpoint Source Project?
A: A Nonpoint Source Project refers to a project that aims to address the pollution caused by contaminated runoff or leaching of pollutants from multiple sources, rather than a single point.

Q: What is the purpose of the loan application?
A: The loan application is intended to seek financial assistance for the design and construction of Nonpoint Source Projects in Oregon.

Q: Who can apply for the loan?
A: Eligible applicants for the loan include public agencies, non-profit organizations, tribes, and special districts in Oregon.

Q: What types of projects are covered by the loan application?
A: The loan application covers design and construction projects that aim to address nonpoint source pollution issues.

Q: How can the loan funds be used?
A: The loan funds can be used for project design, construction, land acquisition, and associated costs.

Q: What is the loan interest rate?
A: The loan interest rate is currently set at 2% per year.

Q: Are there any matching fund requirements?
A: Yes, applicants must provide at least 40% of the project cost as a match from non-state funding sources.

Q: What is the maximum loan amount?
A: The maximum loan amount is $2 million per project.

Q: Is there a deadline to submit the loan application?
A: Yes, loan applications must be submitted by the specified deadline as stated in the application materials.