Ariz. Admin. Code § 18-15-903

Current through Register Vol. 30, No. 45, November 8, 2024

Section R18-15-903 - Long-Term Water Augmentation Fund Order and Priority

A. The Authority shall determine the Order and Priority of applications by applying the evaluative criteria listed in:

1. A.R.S. § 49-1304(A); and

2. The Request for Applications.

B. For each funding cycle, the Authority shall evaluate and summarize each application received and develop an analysis that provides recommendations to the Long-Term Water Augmentation Committee. The analysis shall include, as applicable:

1. The scope, size, and budget of the proposed project, including as much cost detail as possible;

2. A summary of the applicant's legal capability including authorization to enter into long-term indebtedness and to pledge the specified dedicated revenue source for repayment;

3. A summary of the applicant's technical capability, including its ability to construct, operate and maintain the proposed project;

4. A summary of the applicant's managerial capability, including the experience of elected officials and management team in managing similar organizations and similar projects;

5. A summary of the applicant's financial capability, including:

a. The amount of money collected through the dedicated revenue source for repayment for each of the previous five financial operating years (fiscal or calendar);

b. An estimate of the amount of money that will be collected through the dedicated revenue source for repayment for the current financial operating year (fiscal or calendar); and

c. A projection of the amount of money that will be collected through the dedicated revenue source for repayment for each of the next five financial operating years (fiscal or calendar);

6. A summary of any previous assistance provided by the Authority to the applicant;

7. A summary of the applicant's ability to meet any applicable permitting and environmental requirements imposed by federal, state, or local agencies; and

8. Any other information deemed necessary by the Authority.

C. If any of the required information listed in subsection (B)(5) is not available, the Authority may assist the applicant in determining alternative documentation to support the applicant's financial capability.

D. The Long-Term Water Augmentation Committee shall review all eligible applications received during a given funding cycle and provide recommendations to the Board regarding the order and priority of the applications. Specific numeric ranking is not required.

E. The Long-Term Water Augmentation Committee may recommend the adjustment of the budgets of the applications received individually or collectively.

F. The Long-Term Water Augmentation Committee may require an Applicant to provide additional information before making a recommendation to the Board.

G. The Authority may remove an application from consideration under a given funding cycle under one or more of the following circumstances:

1. The project was financed from another source;

2. The proposed project is no longer an eligible project;

3. The applicant requests removal;

4. The applicant is no longer an eligible applicant; or

5. The applicant did not update, modify, correct or resubmit an Application Form in Response to a Request from the Authority.

Ariz. Admin. Code § R18-15-903

New Section made by final expedited rulemaking at 30 A.A.R. 1982, effective 5/7/2024.