Common use of Applications for Certification Clause in Contracts

Applications for Certification. (a) The Commission may accept applications from states and localities, other public entities and private investors for certification of environmental infrastructure projects in the border region with respect to which an applicant will be seeking financial assistance from the Bank or other sources of financing requesting such certification. (b) The Board of Directors may certify for such financing any project that meets or agrees to meet the technical, environmental, financial or other criteria applied, either generally or specifically, by the Commission to that project. To be eligible for certification, a project shall observe or be capable of observing the environmental and other laws of the place where it is to be located or executed. (c) For each project located in the border region and having significant environmental effects, (1) an environmental assessment shall be presented as part of the application process, and the Board of Directors shall examine potential environmental and public health benefits, environmental risks, and costs, as well as available alternatives and the environmental standards and objectives of the affected area; and (2) the Board of Directors, in consultation with affected states and localities, shall determine that the project meets the necessary conditions to achieve a high level of environmental protection for the affected area. (d) In making certifications pursuant to this Section, the Board of Directors shall give preference to environmental infrastructure projects relating to water pollution, wastewater treatment, water conservation, municipal solid waste, and related matters.

Applications for Certification. (a) The Commission may accept applications from states and localities, other public entities and private investors for certification of environmental infrastructure projects in the border region with respect to which an applicant will be seeking financial assistance from the North American Development Bank or other sources of financing requesting such certification. (b) The Board of Directors may certify for such financing any project that meets or agrees to meet the technical, environmental, financial or other criteria applied, either generally or specifically, by the Commission to that project. To be eligible for certification, a project shall observe or be capable of observing the environmental and other laws of the place where it is to be located or executed. (c) For each project located in the border region and having significant environmental effects, (1) an environmental assessment shall be presented as part of the application process, and the Board of Directors shall examine potential environmental and public health benefits, environmental risks, and costs, as well as available alternatives and the environmental standards and objectives of the affected area; and (2) the Board of Directors, in consultation with affected states and localities, shall determine that the project meets the necessary conditions to achieve a high level of environmental protection for the affected area. (d) In making certifications pursuant to this Section, the Board of Directors shall give preference to environmental infrastructure projects relating to water pollution, wastewater treatment, water conservation, municipal solid waste, and related matters.