6.   The department may certify a nonprofit community development corporation or a Statewide organization when it determines that the development corporation or the Statewide organization:

   a.   has developed a viable plan for providing training, access to financing, and technical assistance for qualified recipients;

   b.   has demonstrated an ability to successfully provide training and technical assistance to qualified recipients;

   c.   has broad-based community support within a region and has demonstrated support from other regional entities to provide assistance with service delivery and financial aspects; and

   d.   has an adequate source of operating capital.

   L.1999,c.239,s.6; amended 2004, c.176, s.6.