Section 365.420  Pre-Applications for Financial Assistance and Identification of Projects to be Funded

a)         Every loan applicant shall submit to the Agency a signed and dated pre-application that includes at a minimum the following items:

1)         Legal name of applicant;

2)         Address;

3)         Authorized representative – name and title;

4)         Project classification (35 Ill. Adm. Code 366);

5)         Project description;

6)         Discharge location point;

7)         Cost estimate; and

8)         Project schedule.

b)         Loan applicants seeking financial assistance, during any federal fiscal year commencing October 1, must file a new pre-application annually by the preceding March 31 to qualify for possible inclusion in the Intended Use Plan.

c)         A project with approved facility planning may be added to the Project Priority List at any time by the submission of a pre-application.

d)         The Agency shall publish a list of the projects that are proposed for funding.  These projects will be included in the Intended Use Plan.

e)         After January 1 of each year, the Agency may bypass projects on the Intended Use Plan that cannot meet the schedule to initiate construction by March 31 of that year.  The Agency will evaluate projects in priority order and may offer loan commitments to other projects on the Project Priority List in accordance with Section 365.430 (Financial Assistance Application and Approval) of this Subpart.

(Source:  Amended at 34 Ill. Reg. 17582, effective November 8, 2010)