(a) A qualified application will be considered by the board at the first available meeting of the Authority or by the commissioner when the staff has had sufficient time to complete its review of the qualified application.
(b) Approval of qualified applications will be subject to the availability of funds in the fund.
(c) A nonrefundable application fee of not less than $100 will be required with each qualified application. An origination fee no less than 1.0% of the loan guarantee amount will be due within ten days of the initial funding of each loan.
(d) Applications will be analyzed in accordance with the requirements and criteria set forth in the Act and in this subchapter.

Source Note: The provisions of this §28.28 adopted to be effective September 1, 2009, 34 TexReg 5902