Section R20-8-203. Eligibility Criteria

To be eligible to receive financial assistance, an applicant shall satisfy all of the following criteria:

1.        The applicant is a political subdivision, special district, or Indian tribe;

2.        The financial assistance requested is for an infrastructure project;

3.        The application is administratively complete;

4.        The applicant demonstrates that the financial assistance can be repaid and the level of security pledged to the loan is consistent with A.R.S. §§ 41-2257(D)(4) through (6);

5.        The applicant demonstrates that the project is ready for construction and the applicant is ready to proceed;

6.        The applicant provides evidence that the project has public support;

7.        The applicant provides evidence that the project is part of an adopted comprehensive plan, for example, a capital improvement plan, local strategic plan, general plan, comprehensive plan or similar planning document;

8.        The applicant demonstrates that the loan proceeds will be managed and expended in accordance with the timetable set forth in the application;

9.        The minimum number of points required to be eligible for consideration for funding by the Board shall be 70 percent or 70 points; and

10.     Applicants are responsible for the payment of all administrative fees and penalties associated with financial assistance. Administrative fees shall be paid on or before 90 days from the date on the Authority’s invoice. Administrative fees remaining unpaid after 90 days from the date on the Authority’s invoice shall be subject to penalties of five percent per annum. Applicants with outstanding administrative fees or penalties are not eligible for financial or technical assistance.

Historical Note

Adopted effective February 3, 1998 (Supp. 98-1).

Amended by final rulemaking at 7 A.A.R. 2042, effective April 10, 2001 (Supp. 01-2). Amended by final

rulemaking at 16 A.A.R. 190, effective March 6, 2010 (Supp. 10-1). Pursuant to authority of A.R.S. § 41- 1011(C), Laws 2011, Second Special Session, Ch. 1, authorizes the transfer of A.R.S. citations. Therefore the

A.R.S. citation in subsection (4) was updated. Agency request filed February 12, 2013, Office File No. R13-179

(Supp. 13-1).