The authority may use a priority ranking system in making loans and providing other financial assistance under this chapter based on the following:
- (1) Socioeconomic distress in an area, as determined by the poverty level and unemployment rate in the area.
- (2) The technical evaluation under section 3(8)(A) and 3(8)(B) of this chapter.
(3) Other factors determined by the authority, including the following:
- (A) The number and quality of jobs that would be generated by a project.
- (B) Housing, recreational, and educational needs of communities.
- (C) Any other factors the authority determines will assist in the implementation of this chapter.
As added by P.L.59-1997, SEC.13. Amended by P.L.235-2005, SEC.176; P.L.221-2007, SEC.11; P.L.178-2015, SEC.4; P.L.237-2017, SEC.45.