Kan. Admin. Regs. § 110-3-1 - Application criteria
Each application for a loan through the Kansas partnership fund
shall be reviewed and evaluated by the
(a) The applicant 's need
for economic develop-ment;
(b) the
number of new, permanent, private sector jobs to be created by the project ;
(c) the projected impact of
resulting business activity on the area, including new tax revenues to the
borrower, and the availability of that revenue to help repay the program loan;
(d) the estimated cost based on an
engineering or other reliable estimate of the complete project to be funded by
the loan;
(e) the basis of the
applicant 's need for a loan from the State, including evidence that other
financing options have been investigated and either are not readily available
or will not cover total project costs;
(f) the availability of other funds to
adequately finance any related improvement or service incidental to the
project , and to finance any part of the project costs not covered by the loan;
(g) the applicant 's total current
and projected future debt obligations;
(h) the project 's consistency with the
applicant's comprehensive plans and with the applicant's five-year capital
improvement plans; and
(i) any
other information deemed pertinent by the secretary .
Notes
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