; (7) the proportion of financial assistance from IFA; (8) the geographical location of the project, prioritizing geographical diversity of projects funded by IFA; (9) the size of the project and the impact of the project on the resources of IFA; and (10) the infrastructure sector of the project, prioritizing projects from more than 1 sector funded by IFA. (d) Application (1) In general Any eligible entity seeking assistance from IFA under this Act for an eligible infrastructure project shall submit an application to IFA at such time, in such manner, and containing such information as the Board of Directors or the Chief Executive Officer may require. (2) Review of applications (A) In general IFA shall review applications for assistance under this Act on an ongoing basis. (B) Preparation The Chief Executive Officer, in cooperation with the senior management, shall prepare eligible infrastructure projects for review and approval by the Board of Directors. (3) Dedicated revenue sources The Federal credit instrument shall be repayable, in whole or in part, from tolls, user fees, or other dedicated revenue sources derived from users or beneficiaries that also secure the eligible infrastructure project obligations. (e) Eligible infrastructure project costs (1) In general Except as provided in paragraph (2), to be eligible for assistance under this Act, an eligible infrastructure project shall have project costs that are reasonably anticipated to equal or exceed $50,000,000. (2) Rural infrastructure projects To be eligible for assistance under this Act a rural infrastructure project shall have project costs that are reasonably anticipated to equal or exceed $10,000,000. (f) Loan eligibility and maximum amounts (1) In general The amount of a direct loan or loan guarantee under this Act shall not exceed the lesser of— (A) 49 percent of the reasonably anticipated eligible infrastructure project costs