- (a) An application to refinance existing debt may be considered by the executive administrator when sufficient funds are available to provide refinancing. Refinancing of existing debt is eligible for funding only if the project meets all of the requirements of this chapter and the federal tax regulations if Board bond proceeds will be used to refinance.
- (b) Review criteria for refinancing. An application to refinance a project shall contain information sufficient to ensure the eligibility of the Applicant and the project. The environmental review and engineering criteria considered by the original lender shall be substantially the same as the environmental review and engineering criteria required under current law for the same or similar projects.
Source Note:The provisions of this §371.33 adopted to be effective August 4, 2010, 35 TexReg 6680.