1. (a) The Defense Community shall submit the following information to the Director of the Commission:

   1. (1) defense communities applying for a loan under §436.153 of the Local Government Code shall submit a Military Value Enhancement Statement; or
   2. (2) defense communities applying for a loan under §436.1531 or §436.1532 of the Local Government Code shall submit a Defense Community Economic Redevelopment Value Statement.
   3. (3) A pre-application assessment.

2. (b) The Commission shall review the Military Value or Redevelopment Value Statement and perform:

   1. (1) an analysis of the project feasibility; and
   2. (2) an analysis of alternative funding for each project listed.
   3. (3) The Commission, in consultation with the Bank, shall review the applicant's pre-application assessment.
3. (c) The Bank shall review the applicant's pre-application assessment.
4. (d) The Governing Board shall take into consideration the Military Value or Redevelopment Value and by a majority vote make its recommendation to approve or disapprove the Military Value or Redevelopment Value Statement

Source Note:The provisions of this §4.2 adopted to be effective October 10, 2010, 35 TexReg 9077; amended to be effective January 28, 2016, 41 TexReg 681.