(a) A defense community may submit the community’s military base or defense facility value enhancement statement prepared under Chapter 397, Local Government Code, to the commission.
(b) On receiving a defense community’s military base or defense facility value enhancement statement, the commission shall analyze the projects included in the statement using the criteria it has developed. The commission shall develop project analysis criteria based on the criteria the United States Department of Defense uses for evaluating military bases or defense facilities in the department’s realignment and closure process.

(c) The commission shall determine whether each project identified in the defense community’s military base or defense facility value enhancement statement will enhance the military or defense value of the military base or defense facility. The commission shall assist the community in prioritizing the projects that enhance the military or defense value of a military base or defense facility, giving the highest priority to projects that add the most value under the commission’s project analysis criteria.
(d) The commission shall refer the defense community to the appropriate state agency that has an existing program to provide financing for each project identified in the community’s military base or defense facility value enhancement statement that adds military or defense value to a military base or defense facility. If there is no existing program to finance a project, the commission may provide a loan of financial assistance to the defense community for the project.