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regulations provide for a ten percent cap (10%) for planning and design projects, Because of the shortfall of <br /> available funding relative to the number of worthwhile water pollution abatement projects, MassDEP will <br /> continue to exclude design costs from eligibility for this IUP as it has in the last several years. MassDEP has <br /> allotted approximately 3.26 % of the 2010 CWSRF available funding capacity to planning projects. <br /> Administrative Costs of the SRF. The Commonwealth of Massachusetts intends to use the fall 4 percent of the <br /> Federal capitalization grant funds for administrative support of activities related to the Federal Fund. Use of <br /> those funds is detailed in the CWSRF Grant Application that the Massachusetts Water Pollution Abatement <br /> Trust(the Trust) files each year with the USEPA. <br /> Loan Administration fees. The Water Pollution Abatement Trust(the Trust) charges approximately $7 per <br /> $1,000 (7 basis points) as a loan origination fee to offset the cost(s) incurred during bond issuance. Recipients <br /> of SRF loans are charged an annual administrative fee of.15% (15 basis points) against the outstanding loan <br /> principle to fund salaries and expenses of the Trust and of MassDEP,related to SRF project development and <br /> loan management. As of December 31,2009,the Trust had $25,706.911.68 in administrative fees available. <br /> 3.0 Eligible Projects <br /> Any water pollution abatement project of an eligible borrower is eligible to receive financial assistance from the <br /> Trust. Such eligible projects include, but are not limited to: <br /> a) Wastewater Treatment Projects, as defined in 310 CMR 44.03; <br /> b) Infiltration Inflow ("I/I") Projects, as defined in 310 CMR 44.03; <br /> c) Collection System Projects, as defined in 310 CMR 44.03,provided,however,that 85% of the <br /> expected wastewater flow into the proposed collection system will be for wastewater flows in <br /> existence as of July 1, 1995; <br /> d) Nonpoint Source Projects, as defined in 310 CMR 44.03; and <br /> e) The planning and/or design for any project in one of the categories identified above. <br /> 4.0 Eligible Project Costs <br /> Costs of construction that MassDEP determines are necessary for the completion of the project are eligible for <br /> financing in the loan and to receive a subsidy under the loan, subject to the applicant cap. Although costs for <br /> design are eligible,they will not be financed during this funding period due to the high demand for construction <br /> funding. <br /> 5.0 Intended Use Plan Project Listing <br /> The IUP Project Listing, Table 1, lists those projects and their 2010 funding levels, for which MassDEP expects <br /> to issue funding agreements and for which the communities have committed to obtaining local funding <br /> authorization by June 30, 2010, and fling a complete loan application by October 15, 2010. At <br /> MassDEP's discretion, a project on the IUP that will not be ready to proceed during the Calendar Year can be <br />