15 CAR § 26-806 – Determination of grant amount

(a) It is Arkansas’s intent to use these grant funds to provide gap financing for wastewater projects.
(b) That means that a community will be expected to borrow funds from the CWRLF program to the greatest extent possible, based on the economic situation of the community.
(c) The Arkansas Natural Resources Commission staff will look at a wide range of economic indicators, which may include per capita income or unemployment rate, to determine the maximum amount of grant funds the community will be offered.
(d) Of the total amount of project funds provided through the Arkansas CWRLF program, no more than eighty-five percent (85%) shall be grant funds, and at least fifteen percent (15%) must be in the form of a loan.