The Oklahoma Water Resources Board shall prescribe such rules as may be necessary for determining the eligibility and priority of entities for wastewater projects in order to receive loans made pursuant to the federal Water Quality Act of 1987 and from the Wastewater Facility Construction Revolving Loan Account. At a minimum, such rules shall:

1. 1. Ensure the fair and equitable prioritization of entities eligible for loans made pursuant to the provisions of this act;
2. 2. Be in conformance with applicable provisions of Oklahoma's Water Quality Standards, the Oklahoma Environmental Quality Code, and the federal Water Quality Act of 1987;
3. 3. Require that to be approved, an applicant needs or will need the wastewater project loan to comply with rules adopted by the Environmental Quality Board pursuant to the Oklahoma Environmental Quality Code; and

4. 4. Require the wastewater project to:

   1. a. be designed to halt or prevent the pollution of the waters of this state and comply with Oklahoma's Water Quality Standards,
   2. b. meet the Board's established environmental review criteria as provided for by the federal Water Quality Act of 1987,
   3. c. comply with minimum standards of the Federal Water Pollution Control Act, Chapter 26, Title 33, United States Code, or any similar or successor statute, and
   4. d. meet any other consideration deemed necessary by the Board.

Laws 1988, c. 202, § 6, eff. July 1, 1988; Amended by Laws 1993, c. 145, § 328, eff. July 1, 1993.