Section 34-6 - Evaluation (a) All applications will be reviewed and evaluated based upon: - (i) All credit factors including, but not limited to, repayment ability, financial strength and stability, and adequacy of security offered.
- (ii) The sufficiency of the water supply and the engineering and economic feasibility of the project. Advice from the WWDO, State Engineer, other State or Federal Agencies and/or individuals will be used as deemed appropriate;
- (iii) Whether the applicant is current on all its repayment obligations to the Board;
- (iv) Whether the applicant's dedicated source of revenue will be sufficient to provide security to repay the loan;
- (v) Whether the applicant is ready to proceed with construction or implementation of the project; and
(b) The Director will review each application and make a recommendation to the Board, for consideration at a regularly scheduled meeting.
060-34 Wyo. Code R. § 34-6