(a) Each application for Public Works Investment Assistance must:

(1) Include evidence of eligibility, as provided in part 301 of this chapter;

(2) Include, or incorporate by reference, a CEDS (as provided in §303.7 of this chapter);

(3) Demonstrate how the proposed Project meets the criteria of §305.2; and

(4) Demonstrate how the proposed Project meets the application evaluation criteria set forth in §301.8 of this chapter.

(b) The Investment Rate for Public Works Investments will be determined in accordance with §301.4 of this chapter.

[71 FR 56675, Sept. 27, 2006, as amended at 75 FR 4264, Jan. 27, 2010]