(a) The purpose of this Part is to provide the rules and procedures for the New York State Environmental Facilities Corporation (corporation) to provide financial assistance from the New York State Pipeline For Jobs State Revolving Fund (the fund), created by chapter 624 of the Laws of 1999, for the planning, design and construction of projects to create, improve or extend water supply facilities, including, but not limited to, drinking water facilities and cold water supply facilities, for economic development purposes.

(b) This Part applies to all project sponsors seeking or receiving financial assistance from the fund and to the activities of the corporation in the discharge of its duties related to the administration and management of the fund.