Mont. Admin. R. 36.23.106 - APPLICATION
(1) The department shall, after consultation
with the department of environmental quality, establish loan application
procedures, including forms for the applications. Each application for a loan
must include:
(a) a reasonably detailed
description of the project ;
(b) a
reasonably detailed estimate of the cost of the project;
(c) a timetable for the construction of the
project and for payment of the cost of the project;
(d) identification of the source or sources
of funds to be used in addition to the proceeds of the loan to pay the cost of
the project;
(e) the source or
sources of revenue proposed to be used to repay the loan ;
(f) a current financial statement of the
system showing assets, liabilities, revenues, and expenses;
(g) a statement as to whether, at the time of
application , there are any outstanding loans, notes, bonds or other obligations
payable from the revenue of the public water system and, if so, a description
of the loans, notes, bonds or other obligations;
(h) if the applicant is a private person, a
statement as to whether, at the time of the application , there are any
outstanding loans, notes, or other obligations of the private person and, if
so, a description of the loans, notes, or other obligations;
(i) any information that the department may
require in order to determine the effect of making the loan on the tax exempt
status of the states bonds; and
(j)
any other information that the department or the department of environmental
quality may require to determine the feasibility of a project and the
applicants ability to repay the loan, including but not limited to:
(i) engineering reports;
(ii) economic feasibility studies;
and
(iii) legal opinions.
(2) Each application
for a loan subsidy must include:
(a) a
reasonably detailed description of the project ;
(b) a reasonably detailed estimate of the
cost of the project;
(c) a
timetable for the construction of the project and for payment of the cost of
the project;
(d) identification of
the source or sources of funds to be used in addition to the proceeds of the
grant to pay the cost of the project;
(e) a statement as to whether, at the time of
application , there are any outstanding loans, notes, bonds or other obligations
payable from the revenue of the public water system and, if so, a description
of the loans, notes, bonds or other obligations;
(f) an explanation, including supporting
information, as to why a subsidy is requested;
(g) evidence that the applicant qualifies as
a disadvantaged municipality; and
(h) any other information that the department
or the department of environmental quality may require.
Notes
75-6-205, MCA; IMP, 75-6-223, MCA;
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