(1) Ecology reviews and evaluates applications to determine eligibility and funding.

(2) Ecology determines project funding based on a grant or loan program evaluation process.

(3) Ecology evaluates all applications submitted within all required deadlines.

(4) When evaluating competitive and formula grant and loan applications, ecology considers:

(a) Eligibility of the applicant and whether the project meets the eligibility criteria.

(b) Whether the application demonstrates all of the following:

(i) Readiness to proceed.

(ii) Feasibility of the project.

(iii) Availability of matching funds, if applicable.

(c) The applicant's past grant or loan performance.

(5) When evaluating a one-time grant or loan application, ecology considers:

(a) Whether the project is eligible for the funding based on the authority for the funding or, when appropriate, the specific direction of the legislature or governor.

(b) Whether the project is an effective use of available funds.

(c) The applicant's past grant or loan performance.