Sec. 8. Credit evaluation
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The Administrator shall develop and implement a credit evaluation process before providing any assistance under this Act. For purposes of determining creditworthiness under section 7(a)(2), the Administrator may— require an eligible entity to provide a preliminary rating opinion letter from at least 1 rating agency; or use an alternative (including an internal) credit rating process. For an eligible project described in section 3(8)(C) for which a State infrastructure financing authority is the eligible entity, in addition to the creditworthiness consideration under section 7(a)(2), the Administrator shall evaluate the creditworthiness of each entity represented by the State infrastructure financing authority that will be carrying out any eligible project described in section 3(8)(A) that will be a part of the eligible project.