1. A. The Authority shall accept an application for financial assistance from an eligible applicant for a project that appears on the Water Supply Development Revolving Fund Project Priority List. At the Authority’s discretion, the Authority may accept an application for financial assistance prior to the project appearing on a Board-adopted Water Supply Development Revolving Fund Project Priority List.

2. B. The Authority shall not present an application for consideration until all the following conditions are met:

   1. 1. The project is on the Water Supply Development Revolving Fund Project Priority List;
   2. 2. The applicant has provided supporting documentation according to R18-15-104;
   3. 3. The applicant has demonstrated legal capability, financial capability, technical capability, and managerial capability under R18-15-104; and
   4. 4. The applicant has demonstrated the ability to meet any applicable environmental requirements imposed by federal, state, or local agencies.

Historical Note

New Section made by final rulemaking at 16 A.A.R. 1709, effective October 9, 2010 (Supp. 10-3). Section R18-15-404 renumbered to R18-15-403; new Section R18-15-404 renumbered from R18-15-406 and amended by final rulemaking at 24 A.A.R. 239, effective March 11, 2018 (Supp. 18-1). Amended by final expedited rulemaking at 30 A.A.R. 1982 (May 31, 2024), with an immediate effective date of May 7, 2024 (Supp. 24-2).