Section 662.160  Application Process

a)         In order to receive a loan under the PWSLP, loan applicants must apply with the Agency using the loan application process outlined in Subpart C. The process requires that:

1)         the loan applicant submits a Funding Nomination Form pursuant to Section 662.310;

2)         the loan applicant submits a Project Plan pursuant to Section 662.320;

3)         the project undergoes State environmental review under Section 662.330;

4)         the project be placed on the Project Priority List pursuant to Section 662.340; and

5)         the loan applicant submits the following information:

A)        a loan application as required by Section 662.350(a);

B)        contracts for personal or professional services as required by Section 662.350(b);

C)        a construction permit application, if necessary, as required by Section 662.350(c);

D)        pre-bidding plans and specifications with certification form, as required Section 662.350(d); and

E)        bidding evaluation and certification forms as required by Section 662.350(e).

b)         Loan applicants shall not execute a notice to proceed authorizing the initiation of construction until the loan agreement has been fully secured and executed.

(Source:  Amended at 43 Ill. Reg. 11209, effective October 1, 2019)