Current through Reg. 49, No. 43; October 25, 2024
Section 4.3 - Processing and Review of Applications(a) The Commission shall conduct its review of the applicant's creditworthiness based on standard due diligence practices and procedures that are consistent with other Office of the Governor programs including, but not limited to: (1) review of project description to assess whether it satisfies program criteria requirements;(2) quick assessment project considerations;(3) economic/financial analysis;(5) credit rating review; and(6) financial analysis summary - strengths, weaknesses, exceptions.(b) In addition, the Commission, in consultation with the Texas Public Finance Authority, shall also be responsible for developing the loan and security structure including: (2) the loan agreement; and(3) the bond sale activities. The provisions of this §4.3 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