PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 4005 " (3) REVIEW AND RANK APPLICATIONS FOR ASSISTANCE UNDER DESIGNATED RURAL DEVELOPMENT PROGRAMS FROM AREAS WITH ACCEPTED AREA PLANS. —To review applications for assistance, that have been accepted pursuant to paragraph (2)(B), for projects to be carried out in any area the area plan for which has been accepted pursuant to paragraph (2)(A), taking into account the sources of assistance and related activities identified pursuant to section 365(b)(4)(A), and to rank such applications, subject to paragraphs (4) and (5), pursuant to a written policy and criteria, in an order that takes into account— "(A) in the case of business projects described in the application— "(i) the extent to which a project would— "(I) stimulate rural development by creating new jobs of a permanent nature or retaining existing jobs by enabling new small businesses to be started, or existing businesses to be expanded by local or regional area residents who own and operate the businesses, "(11) contribute to the enhancement and the diversification of the local or regional area economy, (III) generate or retain jobs for local or regional area residents, "(IV) be carried out by persons with sufficient managerial capability, "(V) be likely to become financially viable, and "(VI) assist a local or regional area in overcoming severe economic distress; "(ii) the distribution of assistance to projects in as many areas as possible in the State, with sensitivity to geographical distribution; "(iii) the technical aspect of the projects; "(iv) the market potential and marketing arrangements for the projects; and "(v) the potential of such project to promote the growth of a rural community by improving the ability of the community to increase the number of persons residing therein and by improving the quality of life of such persons; and "(B) in the case of infrastructure and community facility projects described in the applications the extent to which a project would— "(i) have the potential to promote the growth of a rural community by improving the quality of life for local or regional area residents; "(ii) affect the health and safety of local or regional area residents; "(iii) affect business productivity gind efficiency; "(iv) enhance commercial business activity; "(v) have the potential to promote long-term growth, including by increasing the number of persons residing in a rural community; "(vi) address a severe loss or lack of water quality or quantity; "(vii) bring a community into compliance with Federal or State water or waste water standards; and
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