Section 220.106  Standards

In administering the Program, the Authority, the Chairman, the Director, and the Staff shall in those instances permitting the exercise of discretion consider, in addition to the criteria specifically set forth in this Part, the following factors:  The purposes of the Program, the requirements of applicable federal law, the financial condition and previous lending experience of potential and participating Lenders and Servicers, the Authority's ability to purchase or redeem the Bonds and to comply with the requirements of the resolutions authorizing its bonds, the financial integrity of the Program, the desirability of achieving a reasonable geographic distribution of Net Proceeds throughout the State, the standards of the prudent lender or investor, and specific standards set forth in the Procedural Guide.