Sec. 15.612. APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM. To participate in the nonpoint source pollution control linked deposit program, an eligible lending institution must: (1) solicit loan applications, which must contain a description of a proposed nonpoint source pollution control project; (2) review applications to determine if applicants are eligible and creditworthy; and (3) submit the applications of eligible and creditworthy applicants to the executive administrator with a certification: (A) of the interest rate applicable to each applicant by the eligible lending institution; and (B) of the proposed project by the appropriate person as required by Section 15.613 .
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