OAR 141-060-0040: Review of Applications

(1) Within 30 days after the deadline for loan applications, the Division shall evaluate each application under the following criteria: (a) Compliance with application requirements and annual priorities or preferred uses approved by the Board; (b) Need for the project and solution effectiveness; (c) Number of project beneficiaries; and (d) Applicant’s financial need. (2) Results of the analysis shall be forwarded with recommendations for loan approvals to the Board at the next regularly scheduled meeting immediately following the evaluation.