Statute 65-3324: Project priority list; development; loans available to
municipalities having population of 5,000 or less.
(a) The secretary shall develop a priority system for projects, establish
ranking criteria therefor, review applications of municipalities for loans,
and prepare an annual project priority list. The project priority list
shall be in conformance with applicable provisions of the federal act and
shall include a description of each project, the purpose, cost and
construction schedule therefor, and the municipality to be served or
benefited thereby. After preparation of the project priority list, the
secretary 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 limited
to 10%, of the total dollar amount of loans to be made available
to municipalities from the fund in each year will be made available for
projects of municipalities having a population of 5,000 or less. In the
event the municipalities to which this subsection applies are unable to
utilize the total amount made available under this subsection, the
secretary is authorized to make the unused amount available for projects of
other municipalities on the project priority list.
History: L. 1988, ch. 320, § 4; July 1.