Section R311-212-4 - Prioritization of Loan Applications(1) When determined by the director to be necessary, applications received during a designated application period shall be prioritized by total points assigned. (a) ten points shall be given for each item that applies to the applicant or the facility for which the loan is requested: (i) the applicant has less than $1,000,000 annual gross income and fewer than five full-time employee equivalents and is not owned or operated by any person not meeting the income and employee criteria.(ii) the applicant's income is derived solely from operations at UST facilities.(iii) the applicant owns or operates no more than two facilities.(iv) the facility is located in a U.S. Census Bureau population unit containing fewer than 5,000 people.(v) there are no more than three operating retail outlets selling motor fuel within 15 miles road distance in all directions.(vi) loan proceeds will be used solely for replacing or upgrading petroleum USTs.(vii) USTs at the facility are greater than 15 years old.(b) one point shall be given for each road mile of distance from the facility to the nearest operating retail outlet selling motor fuel, to a maximum of 30 points.(2) Applications which receive the same number of points shall be sub-prioritized according to the date postmarked or the date delivered to the director by any other method.(3) Applications shall remain in priority order regardless of availability of funds until a new application period is declared.(a) when a new application period begins, priority order of applications which have not been reviewed terminates.(4) An applicant whose application has not been reviewed or an applicant whose application has not been approved because the applicant has not satisfied the requirements of Subsections 19-6-409(5) through 19-6-409(8), loses eligibility to apply for a loan and must submit a new application in the subsequent period to be considered for a loan in that period.Utah Admin. Code R311-212-4
Amended by Utah State Bulletin Number 2016-24, effective 1/1/2017Amended by Utah State Bulletin Number 2021-18, effective 9/13/2021Amended by Utah State Bulletin Number 2022-15, effective 7/15/2022