Ohio Administrative Code
Title 5501:6 - Division of State Infrastructure Bank
Chapter 5501:6-1 - Financing of Qualified Projects
Section 5501:6-1-06 - Eligibility Criteria
Current through all regulations passed and filed through September 16, 2024
The director shall determine the eligibility of a project based on the following criteria:
(A) The status of environmental assessments and subsequent clearance processes are complete to the extent necessary to meet the funding source requirements;
(B) The status of preliminary engineering studies.
(C) Whether the borrower guarantees cost overruns;
(D) Whether the project will have an identifiable revenue source which, in the director's determination, likely will amortize the project debt;
(E) The borrower's ability to repay;
(F) The borrower's ability to manage the project;
(G) The borrower's working capital or operating funds;
(H) The public need or public benefit of the project;
(I) The borrower's available collateral; and
(J) The status of the project in relation to actual construction startup;
(K) Any other criteria the director determines appropriate.
Five Year Review (FYR) Dates:
8/24/2017 and
08/24/2022
Promulgated
Under: 111.15
Statutory Authority: 5531.09
Rule
Amplifies: 5531.09, 5531.10
Prior Effective Dates: 09/10/1996
(Emer.), 11/22/1996, 11/01/2007