La. Admin. Code tit. 13 § V-211

Current through Register Vol. 50, No. 11, November 20, 2024

Section V-211 - Application Procedure

A. The applicant(s) must submit to LED an application, which may be in letter form or in a more formal application format, which shall contain, but not be limited to, the following:

1. an overview of the company, its history, and the business climate in which it operates, including audited or certified financial statements and business projections;

2. preliminary or final construction, operation or other plans and a timetable for the project, including the time period for which the rapid response funding is necessary;

3. evidence as to the need for immediate funding;

4. a detailed description of the anticipated or proposed use or expenditure of the funds sought for the project;

5. evidence of the number, types and compensation or payroll levels of the jobs to be created and/or retained which will be filled with employees by the company in connection with the project, and the amount of capital investment to be made for the project;

6 details of the health insurance coverage that is or will be offered to employees at all levels of the company;

7. the period of time for which the company will commit to maintain the newly created and/or retained jobs and their compensation or payroll levels;

8 the application must demonstrate adherence to and overall consistency with the general principles and criteria set forth above; and

9. the application is to set forth facts and representations that in addition to those required by Paragraphs 1 - 8 above, fulfill the general principles of §205, the eligibility requirements under §207, and meet the criteria set forth in § 209 above, in order to qualify for an award under this program.

La. Admin. Code tit. 13, § V-211

Promulgated by the Department of Economic Development, Office of the Secretary, LR 31:422 (February 2005), amended LR 35:889 (May 2009).

AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104 and 36:108.