§ 14-230-108 — Criteria for selection of loan and grant recipients

Arkansas § 14-230-108

• Jurisdiction: Arkansas
• Title: 14

Text

In selecting the recipients for loans and grants authorized in this chapter, the following factors shall be taken into consideration by the commission: (1) The financial ability of the eligible applicant to provide the funds for the project; (2) The burden placed on low income, elderly, or unemployed persons if an eligible applicant constructs a water, sewer, or solid waste management system and pays for the project through user fees, or taxes, or both; (3) Evaluations and priorities as enunciated in the Arkansas State Water Plan; (4) State and regional priorities and requirements as recommended by appropriate state and regional agencies; (5) The amount of fair user charges or other revenues which the project may reasonably be expected to generate; and (6) The funds necessary to amortize the initial cost and provide for the successful operation and maintenance of the project, including depreciation.

Legislative History

Acts 1975, No. 274, § 7; A.S.A. 1947, § 13-2207; Acts 1989, No. 220, § 6; 1997, No. 960, § 6.