75-5-1112. Evaluation of projects. After consultation with the department of natural resources and conservation, the department shall evaluate projects for loans and other financial assistance and place them on a priority list or intended use plan. In evaluating projects, the department shall consider the following factors:
     (1) the ability of the municipality or private concern to pay the costs of the project without the requested financial assistance;
     (2) the amount available for financial assistance in the revolving fund;
     (3) the total amount requested by other applications that have been received or that are likely to be received;
     (4) the need for and benefit to be derived from the project;
     (5) in the case of an application to refinance an outstanding obligation, the benefit of refinancing as measured by a decrease in interest rates and whether the refinancing permits the construction of an additional project by the municipality; and
     (6) any other criteria that the department determines appropriate, considering the purposes of the federal act and the program.

     History: En. Sec. 8, Ch. 678, L. 1989; amd. Sec. 18, Ch. 553, L. 1995.