Section 248-101-IV - Application for InvestmentA financial institution may submit an application to the Treasurer to receive an investment or investments of State funds under 5 M.R.S.A. Section135 to support a qualified loan or loans. The application shall be on forms provided or approved by the Treasurer and shall identify the financial institution and, for each loan, shall
A. identify the agricultural enterprises and its owner(s) and operator(s);B. identify the loan applicant;C. describe the agricultural purpose or purposes for which the loan proceeds will be used;D. specify the amount of the loan principal or, where the loan principal is greater than the supporting investment, the participation amount;E. state the interest rate, which would be charged if a supporting investment of State funds were not made and the rate if the supporting investment is made (interest rates to borrowers must fully reflect the interest rate savings to the institution on the State investment);F. for the preceding year, identify all sources of loans for agricultural purposes obtained by the loan applicant;G. contain a certification by the institution and by the loan applicant as to the accuracy of the information provided;H. contain such other information or certifications the Treasurer may deem necessary to comply with the requirements of this rule, andI. include a $100.00 reservation/application fee, payable to the Authority to be applied as set forth in Section XI. 28- 248 C.M.R. ch. 101, § IV