Section 305.3 - Application requirements(a) Each application for Public Works Investment Assistance must:(1) Include evidence of eligibility, as provided in part 301 of this chapter;(2) Include, or incorporate by reference, a CEDS (as provided in § 303.7 of this chapter);(3) Demonstrate how the proposed Project meets the criteria of § 305.2 ; and(4) Demonstrate how the proposed Project meets the application evaluation criteria set forth in § 301.8 of this chapter.(b) The Investment Rate for Public Works Investments will be determined in accordance with § 301.4 of this chapter.71 FR 56675, Sept. 27, 2006, as amended at 75 FR 4264, Jan. 27, 2010