SECTION 363.921. Applications

A rural community seeking loan assistance shall submit a written application for financial assistance which includes:

(1) the citation of the law under which the rural community operates and was created;

(2) a description of the water or wastewater project for which the financial assistance will be used;

(3) the total cost of the project;

(4) the name of the rural community and its principal officers;

(5) the amount of state financial assistance requested;

(6) the plan for repaying the total cost of the project;

(7) whether the rural community has adopted a program of water conservation;

(8) any other information the executive administrator requires to evaluate the application; and

(9) an affidavit stating that:

(A) the facts and information contained in the application are true and correct;

(B) the applicant will comply with all representations in the application and with all laws of the state and all rules and policies of the board;

(C) there is no litigation or other proceeding pending or threatened where an adverse decision would materially adversely affect the financial condition of the applicant or its ability to issue debt; and

(D) the application for financial assistance was approved by the governing body in an open meeting.

Source Note: The provisions of this §363.921 adopted to be effective November 7, 2001, 26 TexReg 8848