101 STAT. 22
PUBLIC LAW 100-4—FEB. 4, 1987
"TITLE VI—STATE WATER POLLUTION CONTROL REVOLVING FUNDS 33 USC 1381.
33 USC 1292. Post, p. 52. Post, p. 61.
Post, p. 25.
33 USC 1382.
"SEC. 601. GRANTS TO STATES FOR ESTABLISHMENT OF REVOLVING FUNDS.
"(a) GENERAL AUTHORITY.—Subject to the provisions of this title, the Administrator shall make capitalization grants to each State for the purpose of establishing a water pollution control revolving fund for providing assistance (1) for construction of treatment works (as defined in section 212 of this Act) which are publicly owned, (2) for implementing a management program under section 319, and (3) for developing and implementing a conservation and management plan under section 320. "(b) SCHEDULE OF GRANT PAYMENTS.—The Administrator and each State shall jointly establish a schedule of payments under which the Administrator will pay to the State the amount of each grant to be made to the State under this title. Such schedule shall be based on the State's intended use plan under section 606(c) of this Act, except that— "(1) such payments shall be made in quarterly installments, and "(2) such payments shall be made as expeditiously as possible, but in no event later than the earlier of— "(A) 8 quarters after the date such funds were obligated by the State, or "(B) 12 quarters after the date such funds were allotted to the State. "SEC. 602. CAPITALIZATION GRANT AGREEMENTS.
"(a) GENERAL RULE.—To receive a capitalization grant with funds Post, p. 27. made available under this title and section 205(m) of this Act, a State shall enter into an agreement with the Administrator which shall include but not be limited to the specifications set forth in subsection (b) of this section. "(b) SPECIFIC REQUIREMENTS.—The Administrator shall enter into an agreement under this section with a State only after the State has established to the satisfaction of the Administrator that— "(1) the State will accept grant payments with funds to be .' s \ f; S made available under this title and section 205(m) of this Act in accordance with a payment schedule established jointly by the Administrator under section 601(b) of this Act and will deposit all such payments in the water pollution control revolving fund established by the State in accordance with this title; .3? r r< a-: "(2) the State will deposit in the fund from State moneys an amount equal to at least 20 percent of the total amount of all capitalization grants which will be made to the State with funds to be made available under this title and section 205(m) of this Act on or before the date on which each quarterly grant payment will be made to the State under this title; "(3) the State will enter into binding commitments to provide assistance in accordance with the requirements of this title in an amount equal to 120 percent of the amount of each such grant payment within 1 year after the receipt of such grant payment;
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