41-2256. Technical assistance; repayment agreements

A. The authority may provide technical assistance to political subdivisions, special districts, Indian tribes and tribal subdivisions in connection with the development or financing of infrastructure.

B. Technical assistance may include the following:

1. Assistance in selecting outside consultants.

2. Evaluation of design and construction options.

3. Financial advisory services.

4. Assistance in satisfying statutory requirements.

5. Short-term assistance.

C. Assistance provided under a technical assistance repayment agreement:

1. Shall not be more than two hundred fifty thousand dollars for a single project.

2. Shall be repaid not more than three years after the date the monies for the assistance are advanced to the applicant.

3. Shall be in a form and under terms determined by the authority.

D. Short-term assistance represents an advance of financial assistance. The authority shall not provide short-term assistance unless the political subdivision, special district or Indian tribe has an approved financial assistance application on file with the authority. A political subdivision, special district or Indian tribe shall repay short-term assistance pursuant to a technical assistance repayment agreement.

E. The authority shall establish an application process and method of determining the allocation of technical assistance pursuant to section 41-2255.

F. Before technical assistance may be provided, the board shall approve the application for technical assistance.

G. The provision of technical assistance by the authority does not create any liability for the authority or this state regarding the design, construction or operation of any infrastructure project.