5. With respect to projects to be financed by the authority pursuant to this act and undertaken with moneys from the Economic Recovery Fund, the authority shall in determining those projects, and in the planning and undertaking of those projects, consider the following factors:

a. The economic feasibility of the project;

b. The degree to which the project will advance Statewide and regional strategies and objectives;

c. The degree to which the project maximizes the leveraging of other sources of funds; and

d. The degree to which the project promotes economic development, the creation or retention of jobs, and the stimulation of private sector investment and expansion.

L.1992,C.16,s.5.