15A NCAC 13B .1002. APPLICATION

(a)  Units of local government shall file three copies of the application for loan with the Division.  The application shall include the following:

(1)           A detailed description of the type and useful life of the project to be financed or refinanced;

(2)           A statement of the need of the project and how the project compliments an integrated approach to solid waste management;

(3)           The amount of financing or the cost of the project sought;

(4)           The credit rating, if any, of the unit of local government;

(5)           The availability and cost to the unit of local government of other methods of financing;

(6)           The construction, disbursement, and management procedures in effect in the unit of local government; and

(7)           Documentation that a public hearing has been held on the issue of obtaining a loan in accordance with G.S. 159I‑10(c).

(b)  An applicant shall furnish information in addition or supplemental to the information contained in its application upon written request.

(c)  Applicants may apply for a loan prior to arrangement for repayment.

 

History Note:        Authority G.S. 159I‑11;

Eff. November 1, 1990.