Sec. 17.906. APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM. To participate in the agricultural water conservation linked deposit program, an eligible lending institution must: (1) solicit loan applications, which must contain a description of an agricultural water conservation 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 soil and water conservation district in which an applicant is located by a director of the district that states that: (i) the applicant of the proposed project has a soil and water conservation plan approved by the district; and (ii) the project furthers or implements the plan.
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