Utah Admin. Code R311-212-4 - Prioritization of Loan Applications
(1) When determined by the director to be
necessary, applications received during a designated application period shall
be prioritized by total points assigned.
(a)
ten points shall be given for each item that applies to the applicant or the
facility for which the loan is requested:
(i)
the applicant has less than $1,000,000 annual gross income and fewer than five
full-time employee equivalents and is not owned or operated by any person not
meeting the income and employee criteria.
(ii) the applicant's income is derived solely
from operations at UST facilities.
(iii) the applicant owns or operates no more
than two facilities.
(iv) the
facility is located in a U.S. Census Bureau population unit containing fewer
than 5,000 people.
(v) there are no
more than three operating retail outlets selling motor fuel within 15 miles
road distance in all directions.
(vi) loan proceeds will be used solely for
replacing or upgrading petroleum USTs.
(vii) USTs at the facility are greater than
15 years old.
(b) one
point shall be given for each road mile of distance from the facility to the
nearest operating retail outlet selling motor fuel, to a maximum of 30
points.
(2) Applications
which receive the same number of points shall be sub-prioritized according to
the date postmarked or the date delivered to the director by any other
method.
(3) Applications shall
remain in priority order regardless of availability of funds until a new
application period is declared.
(a) when a new
application period begins, priority order of applications which have not been
reviewed terminates.
(4)
An applicant whose application has not been reviewed or an applicant whose
application has not been approved because the applicant has not satisfied the
requirements of Subsections
19-6-409(5)
through
19-6-409(8),
loses eligibility to apply for a loan and must submit a new application in the
subsequent period to be considered for a loan in that period.
Notes
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