In establishing the debt service reserve fund, depreciation reserve fund, or other terms and conditions, the Arkansas Natural Resources Commission may consider the following:
- (1) Health, safety, environmental, and other special needs;
- (2) Overall financial burden on applicant;
- (3) Type of system and system's operation and maintenance costs;
- (4) Applicant's legal, organizational, management, and financial history;
- (5) Type of dedicated revenue or revenues to be used for repayment;
- (6) Debt service coverage from dedicated revenues;
- (7) History of revenue collections and past due accounts; and
- (8) Other criteria, as applicable.