- can be found in a good CTC, and you can
- aren’t a technology one to only provides cover apps.
Because of it inaugural NOFA, OSC is designed to money the brand new procurement or rehab of devices for production process regarding CTCs.
C. Point 8140 Qualification Criteria
OSC have a tendency to look at project programs to have established Government wedding. The newest Point 8140 Qualification Requirements was in fact install pursuant so you’re able to section 8140 of Appropriations Act. The 3rd proviso out of part 8140 requires the Secretary away from Safety therefore the Manager of Office from Administration and you can Funds (OMB) to as one generate standards to own qualifications to possess lead fund and you will loan pledges that restrict Federal participation inside a project consistent with the standards towards financial therapy sent to for the point 504 of the Federal Borrowing from the bank Reform Act regarding 1990 (FCRA; 2 You.S.C. 661c) and you may according to the guidance within the 1967 Declaration away from the new President’s Payment into the Budget Maxims. All people submission applications to possess funding significantly less than which NOFA must done solutions toward Area 8140 Eligibility Standards. OSC and you will OMB perform an alternative report about the newest responses on the Section 8140 Qualifications Conditions answers and watch perhaps the software suits new criteria.
Federal Eligibility Threshold Concerns
step one. ‘s the possible borrower looking to funding to have a job otherwise deal to manufacture an occurrence, unit, asset, and/or services wherein the federal government ‘s the just representative?
dos. ‘s the potential borrower seeking to resource getting a task otherwise deal to make a phenomenon, equipment, house, and/otherwise service in which cost is actually majority dependent on latest otherwise anticipated Federal supply ( age.g., gives otherwise deals)?
Federal Purchase Evaluating Requirements
1. ‘s the borrower a general public-individual relationship, otherwise really does the government if you don’t enjoys a job in the governance of one’s hobby financed because of the proposed transaction ( e.grams., a business officer status, subscription on Panel regarding Directors, the ability to unilaterally elect or veto people in the latest Panel out-of Directors, or any other different manage otherwise influence set aside to possess a stockholder), aside from people fine print contained in the Credit Arrangement or ancillary documents?
dos. ‘s the recommended exchange capital an activity wherein a national company has already established early in the day authorization when you look at the rules, and you will instead of and therefore authorization an exclusive business organization wouldn’t engage regarding the activity?
step three. g., ‘s the OSC mortgage important to protecting good studies opinions or catalyzing private expenditures)? In this case, excite explain the way the suggested deal matches into the reviewed newest personal field.
cuatro. Do your order confidence the government and also make most other from inside the-type efforts (property, a home, right-of-way, etc.)? In this case, please describe.
5. What, or no, most recent Federal money assets ( elizabeth.g., Government house, structures, gadgets, otherwise mental possessions) would be affected by your order? Instance, commonly your order funds structure out of an asset on Government homes, or does the transaction rely on new Government Government’s continued control and you may fix of a structure to have stability?
6. Towards training, excepting an event regarding default, do government entities be asked to protection economic losings associated toward investment?
From the Application Region 1, if the candidate responses yes to any of one’s Government Deal Examination Requirements, the latest candidate would-be greet in order to complement the solution to bring next outline.
D. Eligible Costs
Lead funds created for qualified plans owing to OSC can be used to invest in the purchase otherwise treatment off devices, additionally the adopting the will set you back myself regarding the financed equipment:
- Pre-set up will set you back, such as for instance think, advancement, technologies data, capital, court expenditures, and you may related charge (excepting app will set you back http://cashadvancecompass.com/installment-loans-pa/chase/, hence shall not secure);