Statutes, codes, and regulations
Alabama Administrative Code
Title 335 - ALABAMA DEPARTMENT OF ENVIRONMENTAL MANAGEMENTLAND DIVISION - BROWNFIELD REDEVELOPMENT AND VOLUNTARY CLEANUP PROGRAM
Chapter 335-15-7 - ALABAMA LAND RECYCLING REVOLVING LOAN FUND
Section 335-15-7-.10 - Application Evaluation

Ala. Admin. Code r. 335-15-7-.10

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Current through Register Vol. 43, No. 1, October 31, 2024
Section 335-15-7-.10 - Application Evaluation
(1) The Department shall notify the loan applicant that it has received the application and is evaluating it pursuant to this section. Each application shall be subject to:
(a) Preliminary administrative review to determine the completeness of the application. The loan applicant will be notified of the completeness or deficiency of the application;
(b) Programmatic, technical, and scientific evaluations to determine the relevance of the project to the objectives of the Act;
(c) Budget evaluation to determine if proposed project costs are reasonable, applicable, and allowable; and
(d) Financial Capability.
(2) Upon completion of an evaluation of an application, the Department shall either approve the application or make the determination that the Fund loan award shall be deferred.
(3) The Department shall promptly notify loan applicants in writing of any deferral action, indicating the reasons for the deferral and a timeframe for the resolution of any outstanding issues. A deferral action shall result in one of the following:
(a) An approval of the application if the outstanding issues are addressed to the satisfaction of the Department within the specified time frame; or
(b) A disapproval of the application if the outstanding issues are not addressed to the satisfaction of the Department within the specified timeframe.
(c) Insufficient funds to meet the applicant's needs.
(4) The Department shall promptly notify loan applicants in writing of any disapproval. A disapproval shall not preclude reconsideration if resubmitted. Reconsideration of a revised Fund loan application and/or processing of a Fund loan agreement within the current fiscal year may be bypassed, precluding funding of the project until a future fiscal year. Affected loan applicants shall be notified in writing of such action.

Authors: Aubrey H. White, Lawrence A. Norris

Ala. Admin. Code r. 335-15-7-.10

New Rule: Filed October 21, 2004; effective November 25, 2004.

Statutory Authority:Code of Ala. 1975, §§ 22-30F-2, 22-30F-4.