After a school district's Long Range Plan has been approved by the State Board of Education as required by Section 37-47-15, Mississippi Code of 1972, as amended, the following criteria shall be utilized in the evaluation of project applications for funding under the Public School Building Fund:
1. Actual and Projected Instructional Area deficit at the Attendance Center;2. Percentage of Total Floor Area of Attendance Center Needing Renovation (including re- roofing);3. District's Current Bonded Debt as a Percent of Property Assessment;4. District's Public School Building Fund Expenditures Per Pupil for last 5 years (aggregate);5. Date of most recent Public school Building Fund Allocation to District; and6. Current Public School Building Fund Loans Outstanding Per Student (district). Appeals from decisions of the State Department of Education may be affected in the manner prescribed by law. Miss. Code Ann. § 37-1-3 (Adopted 4/1989)