Section 865-RICR-10-00-1.11 - Commission ApprovalA. No I-195 Fund Financing may be provided without approval of the Commission.B. In considering whether to provide I-195 Fund Financing to a Project, the Commission may take into account, in consideration with other factors deemed relevant by the Commission:1. the evaluation of the Applicant's pro forma and other financial information, including, but not limited, to the availability of third-party equity or debt capital commitments and the status of development cost estimates provided by contractors and service providers;2. the Project's catalytic impact on development on or near the I-195 Land, including impact on private investment, employment, and state and local revenues, and other criteria set forth in Section 2 of the selection criteria contained in the Developer's Toolkit;3. the Project's relationship to other existing or anticipated Projects located on or near the I-195 Land;4. whether the Project furthers the purposes of R.I. Gen. Laws Chapter 42-64.14;5. the risks of providing financing to the Project and any measures that mitigate such risks; and6. whether there exists an opportunity for the State of Rhode Island or the Commission to recoup or receive a return on all or portion of I-195 Fund Financing provided to an Applicant.C. In approving I-195 Fund Financing for an Applicant, the Commission may set terms and conditions on the receipt of Fund Financing as it deems appropriate, including but not limited to approving Fund Financing in an amount lesser than that sought in the Request for Financing.D. No approval of 195 Fund Financing by the Commission shall be effective until and unless the Secretary of Commerce of the Executive Office of Commerce concurs with the provision of I-195 Fund Financing in the contemplated amount and under the contemplated terms and conditions.865 R.I. Code R. 865-RICR-10-00-1.11