(a) The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact.
(b) To determine the economic impact of a contract, the Authority may consider:
(1) the amount of the guaranty obligation;
(2) the terms of the bond to be guaranteed;
(3) the number of new jobs that the contract to be bonded will create; and
(4) any other factor that the Authority considers relevant.