8002h

The Board is herby authorized to administer the Puerto Rico Water Pollution Control Revolving Fund created by virtue of § 1915 of Title 3, as required under Title VI of the Clean Water Act. The Board shall also have the power to solicit, accept, and receive on behalf of the Revolving Fund, capitalization donations under such act, as well as to enter into capitalization donation agreements with the United States Environmental Protection Agency, receive matched funds from the Commonwealth of Puerto Rico as required under Title VI of the Clean Water Act, and deposit such donations and matched funds into the Revolving Fund. The Board shall oversee the use of the moneys of the Revolving Fund by recipients thereof, evaluate environmental studies as dictated under Title VI of the Clean Water Act, and take any other actions as required by such act in connection with the Administration of the Revolving Fund. Furthermore, the Board is hereby authorized to assist the Puerto Rico Infrastructure Financing Authority in lending funds deposited into the Revolving Fund to borrowers that qualify under Title VI of the Clean Water Act, in structuring any financing program, and in issuing bonds to

e Financing Authority in lending funds deposited into the Revolving Fund to borrowers that qualify under Title VI of the Clean Water Act, in structuring any financing program, and in issuing bonds to finance such programs. The Board may contract any individual to discharge any of the responsibilities established under this section. History —Sept. 22, 2004, No. 416, § 14, eff. 6 months after Sept. 22, 2004.