§ 46-12.8-2 - Definitions.
SECTION 46-12.8-2
§ 46-12.8-2 Definitions. – (a) "Agency" means the Rhode Island clean water finance agency.
(b) "Approved project" means any project or portion thereofof a governmental unit or privately organized water supplier that has beenissued a certificate of approval by the department for assistance through theagency.
(c) "Department" means the department of health.
(d) "Local governmental obligations" means bonds, notes orother evidences of indebtedness in fully marketable form issued by agovernmental unit to evidence a loan from the agency in accordance with thischapter or otherwise as provided herein.
(e) "Local governmental unit" means any town, city, district,commission, agency, authority, board of other political subdivision orinstrumentality of the state or of any political subdivision thereofresponsible for the ownership or operation of water supply facilities withinthe state.
(f) "Obligations of private water companies" means bonds,notes or other evidences of indebtedness, of private water companies, in fullymarketable form.
(g) "Privately organized water supplier" means any watercompany not owned or operated by a local governmental unit, existing under thelaws of the state, and in the business of operating a safe drinking waterfacility.
(h) "Water supply facility or facilities" means waterreservoirs, wells and well sites, transmission or distribution system, any andall real estate or interests in real estate held in connection therewith, allequipment and improvements held in connection therewith, and any property orinterests therein, real, personal or mixed, used or held on to be used inconnection therewith.
(i) "Financial assistance" means any form of financialassistance other than grants provided by the agency to a local governmentalunit or private water company in accordance with this chapter for all or anypart of the cost of an approved project, including, without limitation,temporary and permanent loans, with or without interest, guarantees, insurance,subsidies for the payment of debt service on loans, lines of credit, andsimilar forms of financial assistance; provided, however, notwithstanding theforegoing, for purposes of the State Revolving Fund Capitalization Grantsappropriated pursuant to the American Recovery and Reinvestment Act of 2009(P.L. 111-5), financial assistance shall also include principal forgiveness andnegative interest loans.