The board, by resolution, may approve the application if it finds that:
  (1) granting financial assistance to the applicant will serve the public interest; and
  (2) the revenue pledged by the applicant from district taxes and fees and other sources will be sufficient to meet all the obligations assumed by the applicant.

Source Note: The provisions of this §363.807 adopted to be effective April 28, 1999, 24 TexReg 3207