Criteria for selection of loan and grant recipients

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

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

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

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

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

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


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