Arkansas Administrative Code › Agency 003 - DEPARTMENT OF COMMERCE › Division 21 - Arkansas Waterways Commission › Rule 003.21.20-001 - Arkansas Port, Intermodal, and Waterway Development Grant Program Rules

Current through Register Vol. 49, No. 6, June, 2024
ARKANSAS WATERWAYS COMMISSION ARKANSAS DEPARTMENT OF COMMERCE -
				Agency 9902
1.0
GENERAL
			 INFORMATION
The Arkansas Waterways Commission was established by Act 242 of
				1967 and its powers and duties were amended by Act 414 of 1973. The
				Commission's general authority is codified at Ark. Code Ann. § 15-23-201.
				The Arkansas Waterways Commission is the sole state agency responsible for
				developing, promoting and protecting waterborne transportation in Arkansas. The
				Commission also promotes economic development for ports on the five
				commercially navigable rivers of the state: the Arkansas, Mississippi,
				Ouachita, Red and White Rivers.
1.1
PROGRAM NAME
These rules govern the Arkansas Port, Intermodal, and Waterway
				Development Grant Program.
1.2
AUTHORIZATION
The Arkansas Port, Intermodal, and Waterway Development Grant
				Program is authorized by Ark. Code Ann. § 15-23-305 and §
				19-5-1253.
2.0
PROGRAM DESCRIPTION
The Arkansas Port, Intermodal, and Waterway Development Grant
				Program provides financial assistance to port authorities and intermodal
				authorities for the purpose of funding port development projects. The goals of
				the program are to provide public funds to build land-side infrastructure and
				to dredge ports and waterways. Funding this infrastructure will provide jobs
				and competitive transportation costs for moving cargo, thereby minimizing
				highway congestion, improving safety, and reducing maintenance costs related to
				Arkansas's highways. This program will also allow Arkansas products to reach
				additional markets.
3.0
TYPE OF AWARD
3.1 The
			 total maximum funding will be limited to the amount of money made available to
			 the Commission for the program.
3.2
			 There is no minimum amount of funding that may be applied for by an eligible
			 applicant. The maximum amount that may be applied for by an eligible applicant
			 is the maximum amount of funds available.
3.3 There is no maximum of number of awards
			 that can be received for an eligible applicant in one state fiscal
			 year.
3.4 Funds granted may not
			 exceed ninety percent (90%) of construction costs or fifty percent (50%) of
			 dredging costs.
4.0
ELIGIBILITY
4.1
ELIGIBILITY CRITERIA
4.1.1
			 Eligible applicants are an Arkansas public port authority or public intermodal
			 authority to exclude ports, intermodal authorities, or any other public entity
			 located along the McClellan-Kerr Arkansas River Navigation System (MKARNS) due
			 to the Arkansas River Navigation Fund established by Act 561 § 19-5-1264.
			 A port facility can include an intermodal facility and maritime-related
			 industrial park infrastructure development.
4.1.2 Eligible projects are construction,
			 improvement, capital facility rehabilitation, and expansion of a public port
			 facility. Dredging projects are also eligible.
4.1.3 Planning projects and feasibility
			 studies shall not be eligible.
4.1.4 Funds granted may not exceed ninety
			 percent (90%) of the cost of construction or fifty percent (50%) of dredging
			 costs.
4.1.5 Eligible projects may
			 be projects that were completed within a year prior to the grant
			 application.