NAC445A.67617. Rejection of application.

The Division shall reject an application if the applicant fails to:

     1. Submit a complete application pursuant to NAC 445A.67613 and 445A.67614;

     2. Provide documentary evidence that the applicant has access to dedicated sources of revenue that are sufficient, in the judgment of the Division, to ensure repayment of the loan;

     3. Provide adequate collateral for the loan;

     4. Demonstrate the legal, technical, managerial, institutional and financial capability to provide adequately for the operation, maintenance and replacement of the public water system during the term of the loan;

     5. Demonstrate the technical, financial and managerial capability required for continuous compliance with the Safe Drinking Water Act and NAC 445A.450 to 445A.6731, inclusive; and

     6. Carry out any mitigating measures that the Division has required.

     (Added to NAC by Bd. of Health by R067-98, eff. 7-23-98)