The department of natural resources and conservation and the department shall evaluate projects and loan applications. In evaluating projects and loan applications, the following factors must be considered:
- (1) the technical design of the project to ensure compliance with all applicable statutes, rules, and design standards;
- (2) the financial capacity of the municipality or private person to repay the loan;
- (3) the financial, managerial, and technical ability of the municipality or private person to properly operate and maintain the project;
- (4) the feasibility of project completion given the total financing available;
- (5) the ability of the municipality or private person to pay the costs of the project without the requested financial assistance;
- (6) the total amount of loan funds available for financial assistance in the revolving fund;
- (7) the total amount requested in other applications that have been received or that are likely to be received;
- (8) the ranking of the project on the priority list or intended use plan; and
- (9) any other criteria that the department determines appropriate, considering the purposes of the federal act and the program.
History: En. Sec. 8, Ch. 678, L. 1989; amd. Sec. 18, Ch. 553, L. 1995; amd. Sec. 10, Ch. 538, L. 1997.