(1) In allocating loan funds to local government units, the authority shall give consideration to, and apply, the following standards and criteria:(1) The need and desirability for capital projects; and(2) The ability of the local government unit to secure borrowed money from other sources and costs thereof.
(1) The need and desirability for capital projects; and
(2) The ability of the local government unit to secure borrowed money from other sources and costs thereof.