159G-42. Disbursement of loan or grant.
The Department must disburse the proceeds of a loan or grant to a recipient in a series of payments based on the progress of the project for which the loan or grant was awarded. To obtain a payment, a loan or grant recipient must submit a request for payment to the Department and document the expenditures for which the payment is requested. (2005-454, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159G - Water Infrastructure
Article 2 - Water Infrastructure Loans and Grants Administered by Department.
§ 159G-30 - Department's responsibility.
§ 159G-31 - Entities eligible to apply for loan or grant.
§ 159G-32 - Projects eligible for loan or grant.
§ 159G-33 - Loans and grants available from Wastewater Reserve.
§ 159G-34 - Loans and grants available from Drinking Water Reserve.
§ 159G-34.5 - Grant types available from Viable Utility Reserve.
§ 159G-35 - Criteria for loans and grants.
§ 159G-36 - Limits on loans and grants.
§ 159G-38 - Environmental assessment and public hearing.
§ 159G-39 - Review of applications and award of loan or grant.
§ 159G-40 - Terms of loan and execution of loan documents.
§ 159G-41 - Withdrawal of loan or grant.
§ 159G-42 - Disbursement of loan or grant.
§ 159G-43 - Inspection of project.
§ 159G-45 - Assessment of local government units; assistance.