Loan priority rating
Sec. 8. (a) The office shall assign a loan priority rating to each
loan application under this chapter.
(b) The loan priority rating must be assigned in conformity with
criteria adopted by the commission. The rating that is assigned must
reflect the relative need of the qualified entity for the loan.
(c) The office shall make loans available to qualified entities in
descending order beginning with the qualified entity with the highest
loan priority rating.
As added by P.L.70-1995, SEC.5. Amended by P.L.90-1997, SEC.6.
Last modified: May 27, 2006