15A NCAC 01L .0503       FISCAL RESPONSIBILITY OF THE APPLICANT

Maximum Value‑‑25 points:

The value of this Rule will be the sum of the points assigned to either Item (1) or (2) of this Rule plus the value assigned to Items (3) and (4) of this Rule:

(1)           The applicant has adopted a sewer use ordinance approved by the Division

of Water Quality which will be placed in effect on or before the completion date

of the proposed project and has established an equitable schedule of fees and

charges providing that each category of users shall pay its proportional part

of the total cost of the operation and which will provide sufficient revenues for

the adequate operation, maintenance and administration and for reasonable

expansion of the project, or                                                                                                                6 points

(2)           The applicant has developed a draft sewer use ordinance which will be adopted

and placed in effect on or before the completion date of the proposed project and

has established an equitable schedule of fees and charges providing that each

category of users shall pay its proportional part of the total cost of the operation

and which will provide sufficient revenues for the adequate operation, maintenance

and administration and for reasonable expansion of the project.                                               2 points

(3)           The applicant has established by resolution of its governing body a capital reserve

fund into which all surplus revenues from such charges and fees will be placed

for the purposes specified in G.S. 159G‑9(4).  (Copy of the resolution must be

submitted with application.)                                                                                                                4 points

(4)           The applicant has followed proper accounting and fiscal reporting procedures as

evidenced by the applicant's most recent report of audit and the applicant is in

compliance with provisions of the general fiscal control laws of the state.                              15 points

The Environmental Management Commission may seek the comments of the Secretary of the Local Government Commission in determining whether to assign values to Items (3) and (4) of this Rule.

History Note:        Filed as a Temporary Rule Eff. March 8, 1994, for a period of 180 days or until the permanent rule becomes effective, whichever is sooner;

Authority S.L., 1998, c. 132, s. 10;

Eff. July 1, 1994;

Temporary Amendment Eff. March 31, 1999;

Amended Eff. August 1, 2000.