Standards

Section 260 Section 260.106  Standards In administering the Program, the Authority and the Staff, in those instances permitting the exercise of discretion, shall consider, in addition to the criteria specifically set forth in this Part, the following factors: a)         the purpose of the Program; b)         the financial condition and previous lending experience of potential and participating Lenders and Servicers; c)         the Authority's ability to purchase or redeem the Bonds and to comply with the requirements of the Resolution and applicable Series Resolutions; d)         the financial integrity of the Program; e)         the desirability of achieving a reasonable geographic distribution of Net Proceeds throughout the State; and f)         the standards of the prudent lender or investor.