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(a) By October 1 of each fiscal year, a municipality notified of its eligibility for a capital project matching grant under AS 37.06 for the next fiscal year under 3 AAC 154.050 shall submit to the department a prioritized list of proposed capital projects and include the following information for each project:
(1) the name of the capital project and any other information needed to accurately identify the project;
(2) the cost anticipated of the project, including identification of the portion of the cost to be financed with grant money appropriated under AS 37.06.010 and the portion of the cost to be financed through the local share required under AS 37.06.030 ;
(3) the priority rank that the municipality gives to the project;
(4) a written description of the essential characteristics of the capital project, including its purpose, nature, stage of development, and estimated time for completion;
(5) an explanation of the amount and source of the local share to be provided for the capital project.
(b) The prioritized list submitted under (a) of this section must be accompanied by a resolution adopted by the governing body of the municipality submitting the list that endorses each project and the order of its priority.
(c) If necessary to evaluate the eligibility of the project for a capital project matching grant, the department will request additional information from a municipality regarding a submission made under this section.
History: Eff. 6/15/97, Register 142
Authority: AS 37.06.010
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Last modified 7/05/2006