Upon determination by the Department that (a)all application and documentation

Upon determination by the Department that (a)all application and documentation requirements necessary for loan consideration have been satisfied, (b) environmental review requirements have been completed, (c) the project is on the current year’s priority list, and (d) funds are available for the amount of the DWSIRLF loan application, as determined eligible by the Department, the Board Chairman or his designee will execute and transmit a DWSIRLF loan offer to the loan recipient. In addition to the estimated allowable project costs as described in Appendices A and B of these regulations, the loan offer may include a construction contingency, as determined by the Department, in the project budget.