R704-3-4. Application

(1) A local government entity wishing to apply for a loan from the fund shall submit to the Division: (a) an application on a form approved by the Division; (b) documentation that establishes a local disaster declaration for which the loan is being requested; (c) documentation certified by the entity's chief financial officer stating that the entity has: (i) established a local government disaster fund; and (ii) deposited a minimum average of 5% of total estimated revenues into a local government disaster fund established in accordance with Section 53-2a-605 for at least five fiscal years previous to the date the disaster is declared; and (d) documentation that establishes costs incurred by the local government entity for disaster recovery and supports the dollar amount of the loan being requested.