Septic Tank Replacement Program
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
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SFY 2007*
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SFY 2008
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SFY 2009*
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Number of loans
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0
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2
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0
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Dollars awarded
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0
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$37,500
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0
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* There were no program applications in SFY 2007 and 2009.
Funding Source and Expenditure (in thousands)
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SFY 2007
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SFY 2008
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SFY 2009
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Clean Water Revolving Fund
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$0
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$38
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$0
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Statutory Authority
-- Minn. Stat., Chap. 116J.617
Contact Information
Bradley Simenson, Senior Loan Officer
Phone: 651.259.7428 or toll-free: 800.657.3858; TTY: 651.296.3900
This information current as of January 2010.