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.

Five Year Review (FYR) Dates: 8/24/2017 and 08/24/2022
Promulgated Under: 111.15
Statutory Authority: 5531.09
Rule Amplifies: 5531.09 , 5531.10
Prior Effective Dates: 09/10/1996 (Emer.), 11/22/1996, 11/01/2007

Prior History: (R.C. 119.032 review dates: 09/18/2012 and 09/18/2017
Promulgated Under: 111.15
Statutory Authority: 5531.09
Rule Amplifies: 5531.09, 5531.10
Prior Effective Dates: 9/10/96 (Emer.), 11/22/96 )