1 Tex. Admin. Code § 4.3 - Processing and Review of Applications
(a) The Commission shall conduct its review
of the applicant's creditworthiness based on standard due diligence practices
and procedures that are consistent with other Office of the Governor programs
including, but not limited to:
(1) review of
project description to assess whether it satisfies program criteria
requirements;
(2) quick assessment
project considerations;
(3)
economic/financial analysis;
(4)
revenue analysis;
(5) credit rating
review; and
(6) financial analysis
summary - strengths, weaknesses, exceptions.
(b) In addition, the Commission, in
consultation with the Texas Public Finance Authority, shall also be responsible
for developing the loan and security structure including:
(1) the loan term sheet;
(2) the loan agreement; and
(3) the bond sale activities.
Notes
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