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This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and universities.

Rule 5501:6-1-06 | Eligibility criteria.

 

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.

Last updated March 24, 2023 at 1:23 PM

Supplemental Information

Authorized By: 5531.09
Amplifies: 5531.09, 5531.10
Five Year Review Date: 9/12/2027
Prior Effective Dates: 9/10/1996 (Emer.), 11/22/1996