(a) Projects funded during a regular fiscal annual loan period. These loans are submitted through the regular annual loan cycle with projects and expenditures occurring between July 1 and June 30 of each year.
(b)
(1) No loan shall be made for two hundred fifty thousand dollars ($250,000) or less.
(2) While loans may be made which exceed five hundred thousand dollars ($500,000), the self-sustaining aspect of the funding of the program through origination fees shall be reviewed and justified by the Director of the Building Authority Division prior to awards exceeding five hundred thousand dollars ($500,000).