New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter VIII - Office Of Waste Prevention Services
Part 70 - Public Accountancy
Section 70.11 - Evaluation criteria
Universal Citation: 5 NY Comp Codes Rules and Regs ยง 70.11
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Applications for feasibility studies shall be evaluated using the following criteria:
(1) the extent to which preliminary
economic and/or technical work has determined that the waste prevention
technology and/or practice to be studied is likely to be employed or become
commercially viable;
(2) the
potential for applying the results of the feasibility study to other business
enterprises;
(3) the potential
impact that the feasibility study results would have on reducing the amount of
waste requiring disposal;
(4) the
potential environmental benefits to the State to be derived from the waste
prevention technology and/or practice being studied;
(5) the potential cost savings to the
business to be derived from the waste prevention technology and/or practice
being studied;
(6) the total cost
of the feasibility study, including the degree to which the requested grants
would leverage matching cash funds from the applicant and other
sources;
(7) the ability and
qualifications of the person or firm to perform the feasibility
study;
(8) the financial need of
the applicant; and
(9) the degree
of the applicant's ability and commitment to implement the feasibility study
results.
(b) Applications for program assistance, other than feasibility studies, shall be evaluated using the following criteria:
(1)
conformity with program eligibility requirements;
(2) soundness of the business
enterprise;
(3) credit
history;
(4) depth of management
experience;
(5) ability to repay
the loan;
(6) potential impact of
the project on reducing the quantity of waste requiring disposal;
(7) the adequacy of the collateral available
to secure the loan; and
(8) such
other criteria as the department may deem appropriate.
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