SECTION .1000 - SOLID WASTE MANAGEMENT LOAN PROGRAM
 
 
 
 

.1001 DEFINITIONS

In addition to the definitions in Rule .0101 of this Subchapter, the definitions in G.S. 159I-3 shall apply throughout this Section.
 
 

History Note: Statutory Authority G.S. 159I-11; Eff. November 1, 1990.
 
 
 
 

.1002 APPLICATION

(a) Units of local government shall file three copies of the application for loan with the Division. The application shall include the following:

(1) A detailed description of the type and useful life of the project to be financed or refinanced;

(2) A statement of the need of the project and how the project compliments an integrated approach to solid waste management;

(3) The amount of financing or the cost of the project sought;

(4) The credit rating, if any, of the unit of local government;

(5) The availability and cost to the unit of local government of other methods of financing;

(6) The construction, disbursement, and management procedures in effect in the unit of local government; and

(7) Documentation that a public hearing has been held on the issue of obtaining a loan in accordance with G.S. 159I-10(c).

 (b) An applicant shall furnish information in addition or supplemental to the information contained in its application upon written request.

(c) Applicants may apply for a loan prior to arrangement for repayment.
 
 

History Note: Statutory Authority G.S. 159I-11; Eff. November 1, 1990.
 
 
 
 

.1003 ELIGIBLE PURPOSES

Loans may be made for any of the eligible purposes in G.S. 159I-8.
 
 

History Note Statutory Authority G.S. 159I-11; Eff. November 1, 1990.
 
 
 
 

.1004 SCREENING OF APPLICATION

Prior to rating an application according to the priority factors established under Rule .1005 of this Section, the Division shall conduct a preliminary review of each application to determine the feasibility and appropriateness of the project. The following factors shall be considered in deciding whether to assign a priority to a loan application:

(1) Consistency of the project with State solid waste management policy;

(2) Whether the type and scale of the project are consistent with the identified needs of the applicant;

(3) Technological feasibility of the project; and

(4) The likelihood that the project can be permitted under these Rules.
 
 

 History Note: Statutory Authority G.S. 159I-11; Eff. November 1, 1990.
 
 
 
 

.1005 PRIORITY FACTORS

Procedures for establishing the rating of projects are outlined in the following:

(1) Landfill Capacity (Maximum Value 200 points)

Existing Landfill permitted operational capacity:

(a) Less than two years: 200 points

(b) More than two years: 100 points
 
 

 (2) Financial Need (Maximum Value 100 points)

All applicants must be rated, based upon the current bond rating of the local government as established by Moody's, Standard and Poors, or the North Carolina Municipal Council. When rated by two national agencies, the higher rating will prevail. A national bond rating will always prevail over a NCMC rating. Ratings will be checked for each loan cycle:

(a) Units which have a North Carolina Municipal Council (NCMC) rating below 75 and no national bond rating:100 points

(b) Units which have a national bond rating below A- OR NCMC rating 75-79: 75 points

(c) Units which have a national bond rating of A or A- OR NCMC rating 80-85: 50 points

(d) Units which have a national bond rating of A1/A+ or higher OR NCMC rating of 85 or above: 25 points
 
 

(3) Ability to Pay (Maximum Value 100 points)

 Based upon the median household income of the local government, all 100 counties will be divided into ten groups, based upon the median household income of the local government as listed by the U.S. Department of Housing and Urban Development, Office of Economic Affairs; municipalities are to be included in their county: (a) Lowest: 100 points (b) . . . . : 90 points

(c) . . . . : 80 points

(d) . . . . : 70 points

(e) . . . . : 60 points

(f) . . . . : 50 points

(g) . . . . : 40 points

(h) . . . . : 30 points

(i) . . . . : 20 points

(j) Highest: 10 points
 
 

(4) Method of financing Solid Waste Management Program (Maximum Value 100 points)

Based upon local government implementation of user fees or average share charges to finance full cost of solid waste management programs:

(a) Solid waste management supported by at least 75 percent from fees or special charges: 100 points

(b) Solid waste management partially supported by at least 50 percent from fees or special charges: 75 points

(c) Solid waste management supported by at least 25 percent from fees or special charges: 50 points

(d) Solid waste management supported by taxes or appropriations with plans for fees or special charges: 25 points
 
 

(5) Local Effort (Maximum Value 0 - 200 points)

(a) Project is an alternative to landfilling;

(b) Existing implementation of recycling and waste reduction by the unit of local government;

(c) Coverage and coordination within the service area of the applicant;

(d) Project is demographically appropriate multi-county undertaking;

(e) Project is consistent with a comprehensive approach to solid waste management by local government.
 
 

 (6) Installations to protect Public Health and the Environment (Maximum Value 0 - 50 points) (a) Liners;

(b) Leachate collection and treatment;

(c) Monitoring wells;

(d) Air pollution control devices;

(e) Methane control devices;

(f) Recycling facilities or equipment;

(g) Composting facilities or equipment;

(h) Other technology designed to protect the public health and the environment.
 
 

 (7) Public Health or Environmental Hazard (Maximum Value 50 points) (a) Demonstrated hazard at existing facility which exposes the population: 50 points

(b) Demonstrated hazard at existing facility which affects the environment: 25 points
 
 

 History Note: Statutory Authority G.S. 159I-11; Eff. November 1, 1990.