Septic Tank Replacement Program - Annual Program Summary
Purpose
This program
provides low-interest financing to existing tourism-related businesses providing overnight lodging that need to replace a failed septic system.
Customers and Services
Corporations, sole proprietorships, or partnerships engaged in an existing tourism-related business providing overnight lodging are eligible, including resorts, bed and breakfast inns, hotels, motels, ski lodges, campgrounds, and recreational vehicle trailer parks.
Eligible projects are existing septic systems that have failed and need to be replaced.
Participation loans in cooperation with financial institutions can be made for up to 50 percent of the total cost of a project.
Measures - Reporting period is state fiscal year (SFY), July 1 - June 30
SFY 2005 |
SFY 2006 |
SFY 2007 |
|
| Number of loans | NA |
1 |
2 |
| Dollars awarded | NA |
$10,000 |
$38,500 |
Funding Source and Allocation
Funding for this program is from revolving funds.
The Public Facilities Authority provided allocations in 1995 and 1996 from the Clean Water Revolving Fund to establish this program.
Statutory Authority
-- Minnesota Statutes,
Chapter 116J.617
Contact Information
Brad Simenson, Senior Loan Officer
Phone: 651.259.7428
or toll-free: 800.657.3858; TTY: 651.296.3900
E-mail: Bradley.Simenson@state.mn.us
Website: www.deed.state.mn.us/bizdev/septic/septictank.htm
This information current as of January 2008. For more information on DEED programs, see the State of Minnesota budget pages.