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4.117.050 Loan eligibility and terms.
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(1) To be eligible for a loan from the Snohomish county public works assistance fund, a local government must, in addition to meeting other county requirements, demonstrate to the county:

(a) Utilization of all local revenue sources that are reasonably available for funding public works projects;

(b) Compliance with applicable requirements of chapter 36.70A RCW; and

(c) Consistency between the proposed project and applicable capital facilities plans required under chapter 36.70A RCW.

(2) Loans from the fund will be made upon such terms and conditions and charge rates of interest as the county council deems necessary or convenient to carry out the purposes of this chapter. Loans must not exceed the money in the fund plus money to be received from the payment of debt service on loans made from the fund. (Added by Ord. 22-032, Sept. 7, 2022, Eff date Sept. 22, 2022).