Before entering into a memorandum of agreement as described in 15 CAR § 26-303, the applicant must submit the following documents:

1. (1)

   1. (A) A resolution from the governing body naming the applicant's signatory authority or authorities for the project.
   2. (B) The signatory authority or authorities must have the legal authority to contractually bind the borrower.

   3. (C) The signatory authority or authorities will be signing such documents as:

      1. (i) The loan application;
      2. (ii) The bond purchase agreement;
      3. (iii) Payment requests; and
      4. (iv) Many other program documents;

2. (2)

   1. (A) Because some of the funds used in the CWRLF program are from tax-free municipal bonds, the borrower will be required to pass a resolution called a resolution of intent.
   2. (B) This resolution is required by the Internal Revenue Service.
   3. (C) The CWRLF program can only reimburse the borrower for costs incurred after this resolution is passed.
   4. (D) A copy of this resolution will have to be submitted to the Arkansas Natural Resources Commission staff;

3. (3)

   1. (A) The borrower will certify that all professional services used on this project have been properly procured.
   2. (B) Examples of the types of services that would have to be procured are a consulting engineer and a bond counsel;
4. (4) The borrower will provide a copy of the contract for consulting engineering services for planning and design; and

5. (5)

   1. (A) The borrower will provide a copy of the letter from the Water/Wastewater Advisory Committee (WWAC) that recommends funding from the CWRLF program.
   2. (B) Details about the WWAC process can be obtained from the commission staff.