Section 512.04. Screening criteria.

Latest version.

Applications that meet the following screening criteria shall be evaluated for funding eligibility:

(1) Whether the applicant is eligible.

(2) Whether the project is eligible under P.L. 104-59 section 350, 109 Stat. 618-622.

(3) Whether the applicant has the committed financial resources to complete the project.

(4) Whether the project will be for a public purpose.

(5) Whether the applicant certifies that funds from a loan under this chapter may not be used to pay overhead costs, replace funds from another source or refinance an existing debt.

History: Cr. Register, June, 1998, No. 510 , eff. 7-1-98.

                    
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