The board shall evaluate applications for loans or grants under this article based upon, but not limited to, the following factors in the proposal:
- (a) The quantity of used tires that will be diverted from landfills.
- (b) The estimated cost per tire in the recycling, processing, or conversion process.
- (c) The availability of markets for the recycled tire product.
- (d) The degree to which the processing program mitigates or avoids adverse environmental effects.