Section 15-31-14 - Evaluation and selection of initial proposals(a) The development corporation shall time stamp initial proposals as they are received. The development corporation's staff shall review and analyze each initial proposal as to whether the initial proposal is potentially feasible in terms of appropriateness, technical compliance and feasibility, and availability of funds or other resources from the development corporation. The staff shall also analyze whether the initial proposal will best fulfill the intent of chapter 206M, HRS, and can meet minimum standards of health, safety, building, planning, zoning and land use matters. The staff may request that the applicant submit additional information to the development corporation. After reviewing an initial proposal, the development corporation staff shall make one the following recommendations to the chief executive officer: (1) The initial proposal is potentially feasible;(2) The initial proposal should be rejected;(3) Action on the initial proposal should be deferred or referred for further review.(b) The chief executive officer shall review the staff's recommendation and make a recommendation to the board. The chief executive officer is not bound by the staff's recommendation.(c) The board will review and consider the chief executive officer's recommendation. Not later than ninety days after the last of any information which the applicant has submitted or has been requested to submit has been received by the development corporation, the board will inform the applicant of the board's decision. The board reserves the right to request the applicant to submit additional information. The board is not required to accept the chief executive officer's recommendation. Any applicant whose initial proposal is rejected by the board may reapply or resubmit to the development corporation the same or revised proposal. The resubmission shall occur within sixty days following the board's rejection of the initial proposal.[Eff MAR 20 1987] (Auth: HRS Sec. 206M-3) (Imp: HRS Sec. 206M-3)