8.97.719 CRITERIA FOR EVALUATION OF ALL PROGRAM APPLICATIONS
(1) In evaluating applications for financing under the program, the board shall consider the following factors:
(a) the lawfulness and validity of the purpose to be served by the financing;
(b) the ability of the eligible government unit to secure borrowed money from other sources and the costs thereof;
(c) the ability of the eligible government unit to pay principal of and interest on its obligations when due;
(d) the priority of need for the particular public improvement or purpose to be financed;
(e) the chronological order of receipt of a completed application;
(f) compliance with other eligibility requirements as set forth in these rules;
(g) compliance with the underwriting standards of the board used to determine whether the eligible government unit has sufficient funds or ability to repay a program loan. A copy of the applicable underwriting standards may be obtained from the bond program office; and
(h) other information as the board may deem necessary.
(2) As required by 2-4-305 , MCA, notice is hereby given that (1) (a) , (b) , (c) and (d) repeat parts of 17-5-1611 , MCA, and are included in this rule in order to provide the public with full disclosure of all evaluation criteria.
History: Sec. 17-5-1605, MCA; IMP, Sec. 17-5-1611, MCA; NEW, 1992 MAR p. 2275, Eff. 10/16/92; AMD, 1996 MAR p. 766, Eff. 3/22/96.