The board may award an amount different than that requested in the brownfields revolving loan subfund application. The board may award grants, loans, or a combination of grants and loans. Grant awards may not exceed 40 percent of the total award. In determining the amount of financial assistance, the board shall consider the following:

1. (1) The availability of brownfields revolving loan subfund funds;
2. (2) The applicant's need;
3. (3) Public support for the project;
4. (4) Violation of health or environmental standards or a significant safety risk and how the project will minimize or correct the violations; and
5. (5) The applicant's ability to repay a loan.

Source: 31 SDR 94, effective January 5, 2005.

General Authority: SDCL 46A-1-102 , 46A-1-103.

Law Implemented: SDCL 46A-1-100 to 46A-1-106 , inclusive.