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 2009*
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SFY 2010*
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SFY 2011
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Number of loans
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0
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0
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1
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|
Dollars awarded
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0
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0
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$27,500
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* There were no program applications in SFY 2009 and SFY 2010.
More DEED measures: Uniform Program Accountability Measures
Funding Source and Expenditure (in thousands)
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SFY 2009
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SFY 2010
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SFY 2011
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Clean Water Revolving Fund
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$0
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$0
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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 December 2011.