4981-1-07 Eligibility criteria.

The ORDC shall determine the eligibility of a project based on the following criteria:

(A) Whether environmental assessments and subsequent clearance processes are complete to the extent necessary to meet the funding source requirements;

(B) Whether preliminary engineering will be completed prior to loan closing. "Preliminary engineering" includes the major investment study, wetlands analysis and mitigation plan, and any other required studies.

(C) Whether the borrower guarantees cost overruns;

(D) Whether the project will have an identifiable revenue source which, in the ORDC's determination, likely will amortize the project debt;

(E) The borrower's ability to repay;

(F) The borrower's ability to manage the project;

(G) The borrower's working capital or operating funds;

(H) The public need or public benefit of the project;

(I) The borrower's available collateral; and

(J) The status of the project in relation to actual construction startup;

(K) Any other criteria the ORDC determines appropriate.

R.C. 119.032 review dates: 02/05/2009 and 02/05/2014

Promulgated Under: 111.15

Statutory Authority: 4981.14

Rule Amplifies: RC CHAPTER 4981

Prior Effective Dates: 10/31/96(Emer.); 1/10/97