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.
Section: Previous 14-230-102 14-230-103 14-230-105 14-230-106 14-230-107 14-230-108 14-230-109 NextLast modified: November 15, 2016