Section 4-31-409 - Allocation of funds - Criteria

In allocating loan funds to local government units, the authority shall give consideration to, and apply, the following standards and criteria:(1) The need and desirability for capital projects; and(2) The ability of the local government unit to secure borrowed money from other sources and costs thereof.Acts 1986, ch. 846, § 13; 1990, ch. 885, § 17.