In evaluating applications for financial assistance under this subchapter, the board and staff shall consider at minimum:

1. (1) The anticipated benefits arising from the financial assistance to the applicant, including both the potential impact on agricultural development and rural economic development;
2. (2) The qualifications and eligibility of the applicant;
3. (3) The applicant's ability to repay the financial obligation;
4. (4) The demonstrated level of need for the Authority's financial assistance;
5. (5) The funding needed for continued development;
6. (6) The collateral offered by the applicant; and
7. (7) The present involvement and support of local organizations.

Source Note:The provisions of this §28.77 adopted to be effective May 18, 2022, 47 TexReg 2856.