Under existing law, a local governing body may receive a loan from the Alabama Water Pollution Control Authority to provide for construction expenses of a wastewater treatment facility. The loan must be repaid within 20 years after completion of construction
This bill would allow the repayment period on a loan to be extended for a period of time consistent with federal law, provided the repayment period does not exceed the expected design life of the project
Relating to construction of wastewater treatment facilities; to amend Section 22-34-11, Code of Alabama 1975; to extend the loan payback period for a loan by the Alabama Water Pollution Control Authority to a local governing body to finance construction expenses of a wastewater treatment facility in certain circumstances.
|January 11, 2022||H||Read for the first time and referred to the House of Representatives committee on Transportation, Utilities and Infrastructure|
|Bill Text||HB34 Alabama 2022 Session - Introduced|