Current through Reg. 49, No. 43; October 25, 2024
Section 4.2 - Military Value/Redevelopment Value Review and Pre-Application Assessment for Funds(a) The Defense Community shall submit the following information, as applicable, to the Director of the Commission: (1) with respect to a Defense Community applying for a loan under § RSA 436.153 of the Government Code, a Military Value Enhancement Statement;(2) with respect to a Defense Community applying for a loan under § RSA 436.1531 or § RSA 436.1532 of the Government Code, an Economic Redevelopment Value Statement; and(3) with respect to any Defense Community applying for a TMVRLF loan, a pre-application assessment.(b) The Commission shall review the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable, and perform:(1) an analysis of the project feasibility; and(2) an analysis of alternative funding for each project listed.(c) The Commission shall review the applicant's pre-application assessment.(d) The Commission shall take into consideration the Military or Defense Value or Redevelopment Value, as applicable, and, by a majority vote, make its recommendation to approve or disapprove the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable. The provisions of this §4.2 adopted to be effective October 10, 2010, 35 TexReg 9077; Amended by Texas Register, Volume 41, Number 04, January 22, 2016, TexReg 681, eff. 1/28/2016; Amended by Texas Register, Volume 45, Number 16, April 17, 2020, TexReg 2540, eff. 4/22/2020