The director shall determine the eligibility of a project based on the following criteria:
(A) The status of environmental assessments and subsequent clearance processes are complete to the extent necessary to meet the funding source requirements;
(B) The status of preliminary engineering studies.
(C) Whether the borrower guarantees cost overruns;
(D) Whether the project will have an identifiable revenue source which, in the director'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 director determines appropriate.