74:05:10:10Factors for decision

making. In exercising its discretion in determining whether to award funding to a proposal, the board may consider the factors described in this section. Applicants shall compete against other applicants requesting funds and the board shall award funding based on the degree to which each project satisfies the statutory guidelines found in SDCL 46A-1-84. Neither satisfying the statutory guidelines nor satisfying the statutory guidelines to a higher degree than other projects requires the board to fund a project. The decision-making factors in alphabetical order are as follows: (1) Area to be served; (2) Available program funds; (3) Business plan review; (4) Compliance with applicable permits and regulations; (5) Debt service capability; (6) Economic impact; (7) Local contribution; (8) Other funding sources; (9) Rates; (10) Readiness to proceed; (11) Regionalization or consolidation of facilities; and (12) Technical feasibility.

Source: 17 SDR 7, effective July 22, 1990; 19 SDR 61, effective October 25, 1992; 23 SDR 12, effective July 30, 1996; 28 SDR 95, effective December 19, 2001.