A rural community seeking loan assistance shall submit a written application for financial assistance which includes:
  (1) the citation of the law under which the rural community operates and was created;
  (2) a description of the water or wastewater project for which the financial assistance will be used;
  (3) the total cost of the project;
  (4) the name of the rural community and its principal officers;
  (5) the amount of state financial assistance requested;
  (6) the plan for repaying the total cost of the project;
  (7) whether the rural community has adopted a program of water conservation;
  (8) any other information the executive administrator requires to evaluate the application; and
  (9) an affidavit stating that:
    (A) the facts and information contained in the application are true and correct;
    (B) the applicant will comply with all representations in the application and with all laws of the state and all rules and policies of the board;
    (C) there is no litigation or other proceeding pending or threatened where an adverse decision would materially adversely affect the financial condition of the applicant or its ability to issue debt; and
    (D) the application for financial assistance was approved by the governing body in an open meeting.

Source Note: The provisions of this §363.921 adopted to be effective November 7, 2001, 26 TexReg 8848