WAC 173-98-320:

WACs > Title 173 > Chapter 173-98 > Section 173-98-320

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173-98-310 << 173-98-320 >> 173-98-330

PDFWAC 173-98-320

Forgivable principal.

Forgivable principal. The department will use Table 3 to determine the amount of forgivable principal loan funding provided to an eligible hardship project. Financial hardship will be determined based on the provisions in WAC 173-98-300 and the ceiling amounts in WAC 173-98-520. In addition, in accordance with the act, the department must consider unemployment for the purposes of awarding forgivable principal loan for hardship.

Table 3

Forgivable Principal for Hardship

Sewer user fee divided by MHI is:	Below two percent (nonhardship)	Above two but below three percent (moderate hardship)	Above three but below five percent (elevated hardship)	Above five percent (severe hardship)
Forgivable principal eligibility:	Not eligible	Fifty percent up to ceiling amount	Seventy-five percent up to ceiling amount	One hundred percent up to ceiling amount

[Statutory Authority: Chapters 90.50A and 70.146 RCW. WSR 17-17-040 (Order 16-04), § 173-98-320, filed 8/9/17, effective 9/9/17. Statutory Authority: Chapter 90.50A RCW, RCW 90.48.035, and 43.21A.080. WSR 11-20-036 (Order 10-14), § 173-98-320, filed 9/27/11, effective 10/28/11. Statutory Authority: RCW 90.48.035. WSR 07-14-096 (Order 05-16), § 173-98-320, filed 6/29/07, effective 7/30/07.]