Section 830-RICR-10-15-2.5 - Loan Approval ProcessA. Subject to availability of Bank funds and to prioritization of facility planning projects by the Department of Environmental Management (DEM), loan applications will be considered for approval by the Bank for any eligible local governmental unit FPLP Loan. The local governmental unit will provide a general obligation pledge, a promissory note in fully marketable form, or other obligation deemed acceptable by the Bank to ensure repayment of the FPLP loan. A credit review of the local governmental unit and report by the Executive Director will be taken into consideration by the Bank.B. All loans are subject to the issuance and terms of a Certificate of Approval by the Department of Environmental Management (DEM) or its successor.830 R.I. Code R. 830-RICR-10-15-2.5