(a) The Defense Community shall submit the following information, as applicable, to the Director of the Commission:(1) with respect to a Defense Community applying for a loan under §436.153 of the Government Code, a Military Value Enhancement Statement;(2) with respect to a Defense Community applying for a loan under §436.1531 or §436.1532 of the Government Code, an Economic Redevelopment Value Statement; and(3) with respect to any Defense Community applying for a TMVRLF loan, a pre-application assessment.(b) The Commission shall review the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable, and perform:(1) an analysis of the project feasibility; and(2) an analysis of alternative funding for each project listed.(c) The Commission shall review the applicant's pre-application assessment.(d) The Commission shall take into consideration the Military or Defense Value or Redevelopment Value, as applicable, and, by a majority vote, make its recommendation to approve or disapprove the Military Value Enhancement Statement or Economic Redevelopment Value Statement, as applicable.