(1) In accordance with Subsection 53-2a-609(2), the Division will consider the following criteria in prioritizing and awarding loans:
- (a) the total account balance available in the fund;
- (b) the severity or scale of the disaster or emergency that has been declared;
- (c) the severity of the impact to local government entities that have submitted loan applications; and
- (d) other sources of funding that might be available to the local government entity for the purpose of disaster recovery; and
- (e) the likelihood the loan amount will be paid repaid in accordance with Section 53-2a-608 based on the local government entity's bond rating.
KEY: disaster recovery loans, local government disaster loans
Date of Last Change: June 7, 2017
Notice of Continuation: January 11, 2022
Authorizing, and Implemented or Interpreted Law: 53-2a-607; 53-2a-608; 53-2a-609