Ill. Admin. Code tit. 56, § 5410.300
a) On at least a quarterly basis, and subject to the availability of funds, the Authority shall review Training Programs for which complete Applications have been received by Applicants who satisfy the requirements of Section 5410.200 and, considering the following criteria, shall select for an award of a Loan, Grant or both, those Training Programs which advance the purposes of the Act and comply with Section 5410.210: