The financial assistance made available under the Arkansas Natural Resources Commission's Water, Sewer, and Solid Waste Management Systems Program may be obtained for an eligible project by:

1. (1) Any duly constituted entity listed in 15 CAR § 2-702; and

2. (2) Nonprofit corporations that were in existence before August 1, 1997, and that provide water, sewer, or solid waste services to one (1) or more:

   1. (A) Cities;
   2. (B) Towns; or
   3. (C) Counties.