Section R18-15-403. Water Supply Development Revolving Fund Project Priority List

A.      The Authority annually shall prepare a Water Supply Develop- ment Revolving Fund Project Priority List as part of the Intended Use Plan described in R18-15-402. The Authority is not required to prepare a Water Supply Development Revolv- ing Fund Project Priority List if funds are not adequate to assist any projects or if the Committee determines that no financial assistance will be offered for the annual funding cycle.

B.       An applicant pursuing financial assistance from the Authority for a water supply development project shall request to have the project included on the Water Supply Development Revolving Fund Project Priority List. The applicant may request that multiple projects be placed on the Water Supply Development Revolving Fund Project Priority List. An appli- cant shall make a request for placement of a project on the Water Supply Development Revolving Fund Project Priority List on or before a date specified by the Authority and in an

application format specified by the Authority. The Authority shall include with the project priority list application form the criteria under each ranking category in R18-15-404(A) by which the project will be evaluated and the relative importance of each of the criterion.

C.      In preparing the Water Supply Development Revolving Fund Project Priority List, the Authority shall consider all project priority list applications submitted under subsection (B). The Authority shall evaluate the merits of each project with respect to water supply development issues and determine the priority value of each project according to R18-15-404. At a minimum, the Water Supply Development Revolving Fund Project Prior- ity List shall identify:

1.        The applicant;

2.        Project title;

3.        Type of project;

4.        Population of water provider’s service area;

5.        The amount requested for financial assistance;

6.        The subsidy rate index according to R18-15-404(C);

7.        Whether the project is within the fundable range accord- ing to R18-15-405; and

8.        The rank of each project by the priority value, determined according to R18-15-404.

D.      After adoption of the annual Intended Use Plan and Water Supply Development Revolving Fund Project Priority List according to R18-15-402, the Committee may allow:

1.        Updates and corrections to the adopted Water Supply Development Revolving Fund Project Priority List, if the updates and corrections are adopted by the Committee after an opportunity for public comment at a public meet- ing; or

2.        Additions to the Water Supply Development Revolving Fund Project Priority List, if the additions are adopted by the Committee after an opportunity for public comment at a public meeting.

E.       After an opportunity for public comment at a public meeting, the Committee may remove a project from the Water Supply Development Revolving Fund Project Priority List under one or more of the following circumstances:

1.        The recipient has received all financial assistance identi- fied in the executed financial assistance agreement with the Authority;

2.        The project was financed with long-term indebtedness from another source;

3.        The project is no longer an eligible project;

4.        The applicant requests removal;

5.        The applicant is no longer an eligible applicant; or

6.        The applicant did not update, modify, correct or resubmit a project that remained on the project priority list for more than 365 days.

Historical Note

Adopted effective September 18, 1997 (Supp. 97-3).

Amended effective June 4, 1998 (Supp. 98-2). Section repealed by final rulemaking at 7 A.A.R. 5956, effective December 4, 2001 (Supp. 01-4). New Section made by

final rulemaking at 16 A.A.R. 1709, effective October 9,

2010 (Supp. 10-3).