§ 14-230-108 - Criteria for selection of loan and grant recipients. - Arkansas Statutes

14-230-108. Criteria for selection of loan and grant recipients.

In selecting the recipients for loans and grants authorized in this chapter, the following factors shall be taken into consideration by the commission:

(1) The financial ability of the eligible applicant to provide the funds for the project;

(2) The burden placed on low income, elderly, or unemployed persons if an eligible applicant constructs a water, sewer, or solid waste management system and pays for the project through user fees, or taxes, or both;

(3) Evaluations and priorities as enunciated in the Arkansas State Water Plan;

(4) State and regional priorities and requirements as recommended by appropriate state and regional agencies;

(5) The amount of fair user charges or other revenues which the project may reasonably be expected to generate; and

(6) The funds necessary to amortize the initial cost and provide for the successful operation and maintenance of the project, including depreciation.