The department shall evaluate and rank the applications that are eligible for funding according to the following criteria:

1. (1) Whether the project represents a prudent and productive investment of public funds.
2. (2) The extent to which the project furthers economic development.
3. (3) Whether the project is compatible and complementary to other intermodal transportation facilities.
4. (4) Whether the project improves transportation efficiency and mobility.
5. (5) Whether the project accelerates the completion of a major highway project under s. 84.013, Stats.
6. (6) The degree to which the loan leverages other financial resources.
7. (7) Whether the project can be completed in a timely manner.
8. (8) The financial viability of the project.
9. (9) The security of any repayment stream.

History

History: Cr. Register, June, 1998, No. 510, eff. 7-1-98.