In making its determination to approve or disapprove a grant or loan application, the department may consider the following:
- (1) The soundness of the financial business plans of the applicant charter school.
- (2) The availability to the charter school of other sources of funding.
- (3) The geographic distribution of grants or loans made from the fund.
- (4) The impact that grants or loans received under this chapter will have on the charter school's receipt of other private and public financing.
- (5) Plans for innovatively enhancing or leveraging funds received under this chapter, such as loan guarantees or other types of credit enhancements.
- (6) The financial needs of the charter school.
As added by P.L.91-2011, SEC.25.