(a) Criteria. The Office shall evaluate applications and the Director will formulate a recommendation to the Board utilizing the following criteria: - (i) Whether the applicant's dedicated source of repayment will be sufficient so that the loan may be considered a reasonable and prudent investment of state permanent funds.
- (ii) Whether the applicant is current on all its repayment obligations to the Board.
- (iii) The extent to which the applicant is utilizing, or plans to utilize, available and qualified Wyoming based professional firms and contractors on the project.
- (iv) Whether the applicant is ready to proceed with construction or implementation of the project.
- (v) Whether the applicant has established an adequate operations and maintenance costs fund for the project for which applicant seeks funding.
- (vi) Whether the project is appropriately sized for the population to be served by the project.
(b) Interagency Consultation. The Director shall request that pertinent state agencies assist in the review of the applications and provide comments to the Office for Board consideration.