(1) A local government entity wishing to apply for a loan from the fund shall submit to the Division:
- (a) an application on a form approved by the Division;
- (b) documentation that establishes a local disaster declaration for which the loan is being requested;
(c) documentation certified by the entity's chief financial officer stating that the entity has:
- (i) established a local government disaster fund; and
- (ii) deposited a minimum average of 5% of total estimated revenues into a local government disaster fund established in accordance with Section 53-2a-605 for at least five fiscal years previous to the date the disaster is declared; and
- (d) documentation that establishes costs incurred by the local government entity for disaster recovery and supports the dollar amount of the loan being requested.
KEY: disaster recovery loans, local government disaster loans
Date of Last Change: June 7, 2017
Notice of Continuation: January 11, 2022
Authorizing, and Implemented or Interpreted Law: 53-2a-607; 53-2a-608; 53-2a-609