Section 662.170  Waiver of Procedures

a)         Except as provided in subsection (b) or otherwise required by law, the Director may waive any of the loan procedures, either in whole or in part, by a written statement to the loan recipient, either as a special condition of the loan or otherwise, provided the Director finds that the procedure or requirement to be waived is not necessary to insure the integrity of the project, will not reduce a recipient's ability to repay the loan to the Agency, or will not, in general, weaken the financial position of the PWSLP.  The waiver may be subject to such additional conditions as the Director deems necessary.

b)         In addition to all federal requirements, these procedures will not be waived:

1)         Section 662.210 (Fixed Loan Rate);

2)         Section 662.240 (Restructuring);

3)         Section 662.320 (Project Plan);

4)         Section 662.330 (State Environmental Review);

5)         Section 662.340 (Project Priority List);

6)         Section 662.350(a)(9) (Ability to Repay);

7)         Section 662.460(a)(3) (Operation and Maintenance of the Project);

8)         Section 662.470 (Ongoing Auditing and Monitoring of Financial Capability);

9)         Section 662.620(f)(3) (Wage Provisions);

10)        Section 662.620(f)(4) (Disadvantaged Business Enterprise Requirements);

11)        Section 662.620(f)(5) (Debarment and Suspension Certification);

12)        Section 662.630(a)(1) (Disadvantaged Business Enterprise Requirements); and

13)        Section 662.630(a)(4) (Debarment and Suspension Certification).

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