Section R18-15-405. Water Supply Development Revolving Fund Fundable Range for Financial Assistance

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A.      Prior to adoption by the Committee of the Water Supply Development Revolving Fund Project Priority List, the Authority shall determine which projects are within the fund- able range.

B.       In determining the fundable range the Authority shall evaluate each project for evidence that the project is ready to proceed. The Authority shall consider any of the following indicators when evaluating whether the project is within the fundable range:

1.        Evidence of debt authorization according to R18-15- 104(B);

2.        Evidence that the applicant has obtained applicable local, state, or federal project permits, as applicable;

3.        Evidence of approval by the appropriate authority of project plans and specifications; and

4.        Evidence that the applicant has initiated the bid or solici- tation process.

Historical Note

New Section made by final rulemaking at 16 A.A.R.

1709, effective October 9, 2010 (Supp. 10-3).

                    
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