The board shall:
A. promulgate such rules as are necessary to govern the acceptance, evaluation and prioritization of applications submitted by qualified entities for financial assistance;
B. after applications have been processed and evaluated by the authority, prioritize the qualified projects for financial assistance; and
C. upon such terms and conditions as are established by the authority, recommend the prioritized projects to the authority for financial assistance for:
(1) planning, designing, constructing, improving or expanding a qualified project;
(2) developing engineering feasibility reports for qualified projects;
(3) inspecting construction of qualified projects;
(4) providing professional services;
(5) completing environmental assessments or archaeological clearances and other surveys for qualified projects;
(6) acquiring land, water rights, easements or rights of way; or
(7) paying legal costs and fiscal agent fees associated with development of qualified projects.
History: Laws 2010, ch. 10, § 5.
ANNOTATIONSEffective dates. — Laws 2010, ch. 10, § 11 made the Colonias Infrastructure Act effective July 1, 2011.