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Current as of March 28, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-230-108. Loans and grants--Recipients--Selection - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-230-108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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