Subpart
1.
Certification decision.
The commissioner shall make a decision of whether to certify a
project after the commissioner reviews the application under part
8805.0300 and has evaluated the
project using the criteria listed in part
8805.0400. A project shall be
certified by the commissioner if it meets the eligibility criteria in part
8805.0200 and receives approval
based on the application of the criteria in part
8805.0400.
Subp. 2.
Notice of decision.
Applicants shall be notified in writing of the certification
decision of the commissioner. Approval or disapproval of a project for
certification shall include the rationale or reasons upon which the decision is
based. A project that is certified by the commissioner shall be submitted to
the authority along with the application. The authority shall conduct a
financial evaluation of the application using the information and criteria in
parts
7380.0705 to
7380.0775.
Subp. 3.
Alteration of project.
If there is any change to the project after the project is
certified by the commissioner and before the authority has executed a loan
agreement with the applicant according to the rules of the authority, part
7380.0725, subpart 4, the
applicant must notify the commissioner of the change and the commissioner must
approve the alteration in writing before a loan agreement for the project is
executed.
