NAC386.440. Priority for loans; considerations for approval of loans.

     1. To the extent that money is available in the Account, the Department shall grant priority for loans from the Account to those charter schools with approved applications that will use the money obtained from the loan in preparing to commence the first year of operation.

     2. In determining whether to approve an application, the Department shall consider the:

     (a) Reliability of the business plan submitted with the application;

     (b) Ability of the charter school to obtain financial assistance from other sources;

     (c) Information submitted in the application; and

     (d) Effect of approval of the application on the equitable geographic distribution throughout this State of loans from the Account.

     (Added to NAC by Bd. of Education by R206-01, eff. 4-1-2002)