90-3-502. (Temporary) General criteria underlying science and technology development project loan program. The board may make a science and technology development project loan only upon a favorable determination that the proposed project:
     (1) is consistent with the findings and purposes of this chapter because it incorporates innovative technology;
     (2) has prospects for collaboration between the public and private sectors of the state's economy;
     (3) has prospects for achieving commercial success and for creating new jobs in the state;
     (4) has potential for commercial success related to the specific product or business development methodology proposed;
     (5) can provide matching funds to the project as required under 90-3-301; and
     (6) has a management structure that allows ongoing postdisbursement involvement by the board. (Repealed effective July 1, 1999--secs. 13, 16(1), Ch. 549, L. 1997.)

     History: En. Sec. 5, Ch. 316, L. 1989.