After reviewing the material submitted under Section 58.053, the board shall consider the following factors in deciding whether to approve an application for a loan guarantee:
- (1) the anticipated benefits from granting a loan guarantee to the applicant, including both potential job creation and commercial benefits to the agricultural industry;
- (2) the applicant's qualifications;
- (3) the feasibility of the applicant's plan; and
- (4) other repayment sources available to the applicant.
Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999.