Section 18 AAC 76.225 - Financial assistance application process(a) The department will review and approve applications for financial assistance from the Alaska drinking water fund according to the criteria set out in 18 AAC 76.200 - 18 AAC 76.265.(b) To apply for financial assistance for construction, an applicant shall submit(1) a complete application on forms provided by the department;(2) a resolution adopted by the applicant's governing body that authorizes the application and acceptance of the assistance;(3) a description of the proposed project;(4) an analysis of the feasibility of the project, identifying necessary federal and state permits and including a cost estimate prepared by a registered engineer; the analysis must demonstrate that(A) the selected project is the most cost-effective, feasible alternative studied; and(B) the proposed project will not have a significant negative environmental impact, using the criteria and standards set out in 18 AAC 76.235;(5) documentation of the availability of and the commitment to use one or more dedicated sources of revenue or adequate security for repayment of the financial assistance;(6) certification that a separate account within the applicant's accounting system has been established through which financial assistance received from the Alaska drinking water fund will be administered;(7) a financial capability assessment for the proposed project, on a form provided by the department, that demonstrates the applicant's ability to repay the financial assistance as described in 18 AAC 76.240 and to operate and maintain the completed project;(8) certification from the applicant's attorney that the applicant has the legal authority to incur the debt created by the assistance sought and that the proposed assistance agreement would be legally enforceable;(9) plans and specifications for the project, prepared and signed by a registered engineer, with a summary of design criteria; and(10) any other information that might help demonstrate eligibility for financial assistance, if requested by the department.(c) An applicant may apply for financial assistance for pre-construction activities by submitting the information required under (b)(1), (2), (3), (5), (6), and (10) of this section.(d) The department may approve a financial assistance application if (1) the project is on the department's priority list to receive financial assistance when the financial assistance is requested;(2) money is available for the project;(3) the system is eligible for financial assistance under 18 AAC 76.210;(4) the project is eligible for financial assistance under 18 AAC 76.215;(5) the applicant has demonstrated to the department's satisfaction as determined under 18 AAC 76.240, the applicant's ability to repay the financial assistance;(6) the applicant has submitted, and the department has accepted, the information required under this section; and(7) the applicant has met the applicable requirements of 18 AAC 76.235.Eff. 8/2/97, Register 143; am 12/29/2000, Register 156; am 3/14/2002, Register 161Authority:AS 46.03.020
AS 46.03.036
AS 46.03.720