4-31-509 - Allocation of funds Criteria.
4-31-509. Allocation of funds Criteria.
In allocating loan funds to counties, the authority shall give consideration to, and apply, the following standards and criteria:
(1) The need and desirability for such equipment; and
(2) The ability of the county to secure borrowed money from other sources and costs thereof.
[Acts 1986, ch. 846, § 14.]