65-3324. Project priority list; development; loans available to municipalities having population of 5,000 or less.
65-3324
65-3324. Project priority list; development; loans available tomunicipalities having population of 5,000 or less.(a) The secretary shall develop a priority system for projects, establishranking criteria therefor, review applications of municipalities for loans,and prepare an annual project priority list. The project priority listshall be in conformance with applicable provisions of the federal act andshall include a description of each project, the purpose, cost andconstruction schedule therefor, and the municipality to be served orbenefited thereby. After preparation of the project priority list, thesecretary shall select from such list the projects for which loans will be made available.
(b) In performing the functions and duties required by subsection (a),the secretary shall ensure that a fair proportion, at least but not limitedto 10%, of the total dollar amount of loans to be made availableto municipalities from the fund in each year will be made available forprojects of municipalities having a population of 5,000 or less. In theevent the municipalities to which this subsection applies are unable toutilize the total amount made available under this subsection, thesecretary is authorized to make the unused amount available for projects ofother municipalities on the project priority list.
History: L. 1988, ch. 320, § 4; July 1.