Loan application and approval

The superintendent shall review loan applications on a prioritization system to include a review of all applications filed during the twelve-month period preceding April first. For prioritization, consideration must be given to: 1. Student occupancy and academic needs. 2. Ages of existing structures to be replaced or remodeled. 3. Building design based on safety and vulnerability assessments. a. A district must provide evidence of safety and vulnerability assessments conducted by the district. b. Any other evidence provided by the district. 4. Community support. 5. Project cost. 6. Any other criteria required by the superintendent after consultation with an interim committee appointed by the legislative management.