31:01:03:06.  Loan approval. Applications shall be considered for loan approval upon completion of the administrative and technical review. Approval shall be based upon the following:

          (1)  Results of the administrative and technical review;

          (2)  Economic stability of the applicant;

          (3)  Demonstrated ability of the applicant to utilize the funds to implement the energy conservation measures; and

          (4)  Comparative standing among all applicants for funds available. Criteria will include payback, fuel type saved, and geographical location.

          Source: 14 SDR 183, effective July 13, 1988; transferred from § 20:13:03:06, 15 SDR 209, effective July 9, 1989; 19 SDR 148, effective April 4, 1993; 20 SDR 222, effective July 5, 1994.

          General Authority: SDCL 1-33B-15.

          Law Implemented: SDCL 1-33B-15.