Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1.
Project selection.
The commissioner shall consider the following factors in
selecting projects for funding through the program:
A. economic considerations, including
determinations of:
(1) whether the projected
additional revenue generated by the improvement project will be sufficient to
recover its costs;
(2) the overall
economic impact of the project as determined by a benefit-cost
analysis;
(3) the potential loss of
local income, taxes, or jobs if the project is not completed;
(4) added costs to shippers, receivers, and
the local or regional economy if failure to complete the project causes
significant delay or stoppage of vessel movement; and
(5) the added costs of full replacement of a
facility over the costs of responding to an improvement need if the project is
implemented; and
B.
safety considerations, including determinations of:
(1) improvements in vessel or cargo-handling
safety at the facilities;
(2)
improvements in working condition safety in dock cargo-handling and storage
areas; and
(3) improvements that
enhance the movement of cargo or passengers at navigation facilities.
Subp. 2.
Project
funding; minimum requirements.
A project does not qualify for program funding if:
A. the project is inconsistent with criteria
in parts
8895.0100 to
8895.1100;
B. the application is incomplete or
inaccurate; or
C. the proposed
project is incompatible with applicable harbor development or local
comprehensive plans.
Subp.
3.
Project ranking.
The commissioner shall establish timetables for the ranking of
projects. The ranking of projects determines the priority in which funding will
be considered.
Subp. 4.
Criteria for ranking projects.
The commissioner shall consider the following criteria to
determine project ranking:
A. ability
of the project to expedite, retain, or generally improve the movement of
passengers or cargo;
B. ability of
the project to enhance the commercial vessel construction and repair
industry;
C. ability of the project
to promote identifiable economic development in and around the port and
harbor;
D. ability of the project
to produce a regional or community benefit independent of an individual
facility; and
E. ability to repay a
loan on the basis of the benefit-cost analysis.
Subp. 5.
Application may be
resubmitted.
If the commissioner determines that an application is not
eligible for ranking or is not ranked high enough for funding selection, that
application may be resubmitted for the next funding cycle.
Statutory Authority: MS s
457A.05
