| (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 §436.153 of the Government Code, a Military Value
Enhancement Statement;
(2) with respect to a Defense Community applying for
a loan under §436.1531 or §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.
|
| Source Note: The provisions of this §4.2 adopted to be effective October 10, 2010, 35 TexReg 9077; amended to be effective January 28, 2016, 41 TexReg 681; amended to be effective April 22, 2020, 45 TexReg 2539 |
