ARSD 74:05:12:14. Size and type of awards

The board may award an amount different than that requested in the brownfields revolving loan subfund application. The board may award grants, loans, or a combination of grants and loans. Grant awards may not exceed 40 percent of the total award. In determining the amount of financial assistance, the board shall consider the following: (1) The availability of brownfields revolving loan subfund funds; (2) The applicant's need; (3) Public support for the project; (4) Violation of health or environmental standards or a significant safety risk and how the project will minimize or correct the violations; and (5) The applicant's ability to repay a loan.