75-6-212. Use of revolving fund. (1) Money in the revolving fund must be used for providing financial assistance that is in the form of loans and grants to public water systems and that is of the type provided in this part.
     (2) (a) Financial assistance may be used by a public water system only for expenditures that the U.S. environmental protection agency has determined through its regulations are appropriate. Financial assistance may be used for acquisition, from willing sellers at fair market value, of real property or interests that are integral to establishing a public water system.
     (b) Financial assistance may not be used for expenditures related to monitoring, operation, and maintenance.

     History: En. Sec. 7, Ch. 553, L. 1995.