Section 457-205-3 - Application Evaluation CriteriaA. In determining whether or not to approve an application of an eligible financial institution and, if approved, the amount of the bond proceeds to be disbursed by the applicant, the chief executive officer shall consider the relative public benefits to be provided by each applicant to residents of the State. The chief executive officer will evaluate applications based on the public benefit to be provided by each applicant relative to the portion of the proceeds of tax exempt bonds the applicant will receive. In determining relative public benefit the authority will consider each applicant's total proposal, but may give additional weight to proposals that provide interest rate savings and outreach services to borrowers.B. In determining whether to allocate all or any portion of the proceeds of bonds to an applicant for origination of loans to borrowers, the authority must first determine that the applicant will be able to comply with all requirements of the purchaser(s) of the bonds or any placement agents or underwriters.94- 457 C.M.R. ch. 205, § 3