Section 5-457 - Review.
§ 5-457. Review.
In determining whether to accept a linked deposit loan package, the Authority shall confirm the eligibility of the applicant and consider:
(1) the number and kinds of jobs to be created or retained as a result of providing the linked deposit;
(2) the amount of the loan;
(3) the amount of money in the Fund and the amount committed to linked deposits;
(4) whether the availability of linked deposit financing is essential for the economic feasibility of the acquisition;
(5) the economic needs of the area in which the eligible business is located;
(6) the financial feasibility of the loan; and
(7) other factors that the Authority considers relevant.
[An. Code 1957, art. 83A, § 5-927(f); 2008, ch. 306, § 2.]