Rule 62-503.200, F.A.C., is being amended to incorporate new definitions and to revise existing definitions. New definitions for “Inflow/Infiltration project,” “planning loan,” “design loan,” and “construction loan” are proposed to provide clarification on the requirements of each type of loan available. New definitions have also been included for “Asset Management Plan”, “Innovative/Alternative project”, “segment cap”, “septic tank failure”, “waiting portion”, and loan service fee. Rule 62-503.300, F.A.C., establishes new deadlines for project submittals, clarifies allowable and unallowable project costs, and adds separate planning loans and design loans in place of preconstruction loans along with the required submittals to qualify for each type of loan. Proposed changes include a new formula for calculating the financing rate and financing rate incentives for implementing asset management plans and constructing innovative/alternative projects, as well as reductions for new federal requirements. The project priority system was moved to this section and would be changed to align with Department and EPA priorities. Revisions to Rule 62-503.430, F.A.C., include moving the application requirements to this section and various clarifications on the agreement requirements. The proposed changes to Rule 62-503.500, F.A.C., incorporate anticipated federal requirements for the program, allowing principal forgiveness and reserved funds for green projects as required by the federal government. Rule 62-503.600, F.A.C., will be repealed and the language moved to Rule 62-503.300, F.A.C. The proposed changes to Rule 62-503.700, F.A.C., are intended to clarify what is expected in planning and design documents as well as the procurement process for design/build and construction manager at-risk construction contracts. Revisions to Rules 62-503.751, 62-503.800, and 62-503.850, F.A.C., are minor updates and clarifications. OTHER RULES INCORPORATING THIS RULE: 62-505.200, 62-505.300, and 62-505.350, F.A.C. EFFECT ON THOSE OTHER RULES: The references to 62-503, F.A.C., that are currently in 62-505, F.A.C., will be amended as necessary to reflect changes in 62-503.