(1) The Water Quality Board may make a loan from the Utah Wastewater Loan Program Subaccount created in Subsection 73-10c-5(2)(a) or from the Utah State Revolving Fund for Wastewater Projects Subaccount created in Subsection 73-10c-5(2)(b) or a grant from the Hardship Grant Program for Wastewater Projects Subaccount created in Subsection 73-10c-5(2)(c) to a political subdivision, individual, corporation, association, state or federal agency, or other private entity to acquire, construct, or implement a nonpoint source project.

(2) The Water Quality Board may only award a loan or grant for a nonpoint source project that will achieve one or more of the following objectives: (a) abate or reduce raw sewage discharges; (b) repair or replace failing individual on-site wastewater disposal systems; (c) abate or reduce untreated or uncontrolled runoff; (d) improve critical aquatic habitat resources; (e) conserve soil, water, or other natural resources; (f) protect and improve ground water quality; (g) preserve and protect the beneficial uses of waters of the state; (h) reduce the number of water bodies not achieving water quality standards; (i) improve watershed management; or (j) prepare and implement total maximum daily load (TMDL) assessments.

(a) abate or reduce raw sewage discharges;

(b) repair or replace failing individual on-site wastewater disposal systems;

(c) abate or reduce untreated or uncontrolled runoff;

(d) improve critical aquatic habitat resources;

(e) conserve soil, water, or other natural resources;

(f) protect and improve ground water quality;

(g) preserve and protect the beneficial uses of waters of the state;

(h) reduce the number of water bodies not achieving water quality standards;

(i) improve watershed management; or

(j) prepare and implement total maximum daily load (TMDL) assessments.

(3) The Water Quality Board shall: (a) determine the amount, term, and interest rate for each loan made under this section; (b) assure that adequate security is obtained for each loan; (c) establish criteria and procedures for determining priority nonpoint source projects and award loans in accordance with those priorities; and (d) make rules to implement this section in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

(a) determine the amount, term, and interest rate for each loan made under this section;

(b) assure that adequate security is obtained for each loan;

(c) establish criteria and procedures for determining priority nonpoint source projects and award loans in accordance with those priorities; and

(d) make rules to implement this section in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.