76-15-544. Eligibility for loan. A district may award a loan to a land occupier to finance a conservation practice only if a majority of the district supervisors find, based on the application and the supervisors’ investigation and evaluation of the proposal, that:

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(1)the conservation practice will be economically feasible;

(2)the conservation practice will comply with statutory and regulatory standards protecting the quality of resources such as air, water, land, fish, wildlife, and recreational opportunities;

(3)the applicant has adequate financial resources to construct, operate, develop, and maintain the conservation practice; and

(4)the applicant is credit-worthy and is able and willing to enter into a contract with the district for loan repayment and for construction, operation, development, and maintenance of the proposed conservation practice.