The authority shall do the following:

1. (1) Administer, hold, and manage all aspects of the fund, the program, the supplemental fund, and the supplemental program in accordance with this chapter.
2. (2) Be the point of contact in relations with the United States Environmental Protection Agency.
3. (3) Prepare and provide program and supplemental program information.
4. (4) Ensure that each proposed financial assistance agreement meets the environmental and technical aspects of the program or the supplemental program.

5. (5) Periodically inspect project design and construction to determine compliance with the following:

   1. (A) This chapter.
   2. (B) The Safe Drinking Water Act.
   3. (C) Construction plans and specifications.
6. (6) Negotiate the negotiable aspects of each financial assistance agreement.
7. (7) Manage any payment system through which the state receives grant payments from the federal government for the program and disbursements to the fund.

8. (8) Prepare annual reports concerning the following:

   1. (A) The fund.
   2. (B) The program.
   3. (C) The supplemental fund.
   4. (D) The supplemental program.
9. (9) Be the point of contact with participants and other interested persons in preparing and providing program information.
10. (10) Prepare or cause to be prepared each financial assistance agreement.
11. (11) Sign each financial assistance agreement.
12. (12) Conduct or cause to be conducted an evaluation as to the financial ability of each participant to pay the loan or other financial assistance and other obligations evidencing the loans or other financial assistance, if required to be paid, and comply with the financial assistance agreement.

As added by P.L.126-1997, SEC.30. Amended by P.L.28-2004, SEC.119; P.L.235-2005, SEC.150.