SECTION 4.2. Military Value/Redevelopment Value Review and Pre-Application Assessment for Funds

(a) The Defense Community shall submit the following information, as applicable, to the Director of the Commission:

(1) with respect to a Defense Community applying for a loan under §436.153 of the Government Code, a Military Value Enhancement Statement;

(2) with respect to a Defense Community applying for a loan under §436.1531 or §436.1532 of the Government Code, an Economic Redevelopment Value Statement; and

(3) with respect to any Defense Community applying for a TMVRLF loan, a pre-application assessment.

(b) The Commission shall review the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable, and perform:

(1) an analysis of the project feasibility; and

(2) an analysis of alternative funding for each project listed.

(c) The Commission shall review the applicant's pre-application assessment.

(d) The Commission shall take into consideration the Military or Defense Value or Redevelopment Value, as applicable, and, by a majority vote, make its recommendation to approve or disapprove the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable.

Source Note: The provisions of this §4.2 adopted to be effective October 10, 2010, 35 TexReg 9077; amended to be effective January 28, 2016, 41 TexReg 681; amended to be effective April 22, 2020, 45 TexReg 2539