Section 771.11 - ApplicationA complete application will consist of the following:
(a) An application for Federal assistance (available in any FSA office);(b) Applicant's financial projections including a cash flow statement showing the plan for loan repayment;(c) Copies of the applicant's authorizing State legislation and organizational documents;(d) List of all directors and officers of the applicant;(e) Copy of the most recent audited financial statements along with updates through the most recent quarter;(f) Copy of the referendum used to establish the assessments and a certification from the Board of Directors that the referendum passed;(g) Evidence that the officers and employees authorized to disburse funds are covered by an acceptable fidelity bond;(h) Evidence of acceptable liability insurance policies;(i) Statement from the applicant addressing any current or pending litigation against the applicant as well as any existing judgments;(j) A copy of a resolution passed by the Board of Directors authorizing the officers to incur debt on behalf of the borrower;(k) Any other information deemed to be necessary by FSA to render a decision.