The Board shall evaluate applicants based on their level of experience, quality of management, investment philosophy and process, historical investment experience, probability of success in fund raising, the amount and timing of fees to be paid, such other investment criteria as may be commonly used in professional portfolio management, and such other criteria as the Board might deem important from time to time including but not limited to strategic and economic development criteria.
Okla. Admin. Code § 105:1-5-2