6-34-7: Rulemaking; board.

The board shall adopt rules necessary to carry out the provisions of the Opportunity Enterprise and Housing Development Act to:

A. establish procedures for applying and qualifying for enterprise assistance and housing development assistance;

B. establish economic development goals in consultation with the department;

C. govern the application procedures and requirements for enterprise assistance and housing development assistance;

D. determine how to select and prioritize applications for enterprise assistance to be recommended to the authority;

E. prioritize projects that are in political subdivisions that are implementing zoning reforms that support housing development projects;

F. determine how to select and prioritize applications for housing development assistance to be recommended to authority; and

G. provide safeguards to protect public money and other public resources subject to the Opportunity Enterprise and Housing Development Act.