Sec. 2602.3. Priority ranking and IUP

(a) All projects, other than the linked loan project, known to the department or the corporation for which a recipient has expressed interest in CWSRF assistance shall be listed on the PPL in the IUP. Projects shall be ranked on the annual PPL in accordance with the criteria contained in the priority ranking system scoring criteria set forth under 6 NYCRR section 649.13 and the IUP.

(b) The commissioner shall prepare annually an IUP as set forth under 6 NYCRR section 649.3.

(c) The corporation in its discretion, upon prior notice to the department, may bypass a project on the IUP upon written notice to the recipient if the project schedule and timing indicates that funding will not be effectively used in the IUP period, or that the recipient will not be able to satisfy any other condition precedent to obtaining funding during the period specified in the IUP.

(d) The linked loan project shall be evaluated and ranked in accordance with 6 NYCRR section 649.14 and such projects shall be listed in the IUP and may be updated from time to time to identify linked loan recipients.