§ 16-1-203 — Account administration; board powers and duties; department powers and duties; fiscal procedures

(a) The board shall administer the account including
issuing loans and other forms of financial assistance for the
purposes authorized in this article. The board shall adopt
reasonable rules and regulations necessary to administer the
account within the requirements of this article, Title VI and
other federal laws.
(b) The board shall:
(i) Enter an agreement with the federal environmental
protection agency regional administrator to receive
capitalization grants for the account;
(ii) Receive and review applications for financial
assistance from the account from municipalities, counties, joint
powers boards, state agencies and other entities constituting a
political subdivision under the laws of the state on forms
supplied by the board;
(iii) Administer the account including processing and
receiving repayments on all financial assistance; and
(iv) Conduct or allow the federal environmental
protection agency to conduct an annual audit.
(c) The department shall:
(i) Annually prepare and submit to the federal
environmental protection agency and the joint minerals, business
and economic development interim committee of the legislature an
intended use plan which has been subject to public comment and
which identifies the intended uses of monies available to the
account;
(ii) Prepare and submit an annual report required by
Title VI; and
(iii) Evaluate engineering designs and studies and
evaluate technical and administrative management of contracts
for all projects in accordance with Title VI.
(d) The board and all recipients of financial assistance
from the account shall establish fiscal controls and accounting
procedures required by Title VI.