Okla. Admin. Code § 200:10-9-2

Current through Vol. 42, No. 7, December 16, 2024

Section 200:10-9-2 - Application information package

To be eligible for consideration each Application must be completely filled out with the information requested on the form. The Application package will include:

(1) A completed "Application For Financing" form of the ODFA, including all the related attachments thereto and the most recent interim financial statements, together with comparative statements for the same period in the previous fiscal year.

(2) If the Application is for a private sector financing for a closely held Person, the federal (information) income tax returns for such Person for the most recent three (3) prior fiscal years as filed with the Internal Revenue Service.

(3) A cash flow forecast, including pro-forma balance sheets and income statements, together with the related assumptions expressed in writing, showing the forecasted revenues and expenses of the Person, including the new debt to be financed by the financing assistance underlying the Insurance Commitment, for a period of up to five (5) years at the Administrator's discretion.

(4) Demonstration of the past experience and managerial ability of the Person applying for Insurance.

(5) The appraisal or certified cost information required in 200:10-7-5.

(6) If the Project involves construction, the plans and specifications prepared for the construction of the Project and a detailed line item cost budget for the Project.

(7) Personal financial statements of the owner(s) of the business.

(8) The Administrator will require completion of an environmental questionnaire to assess potential environmental risk hazards and may require environmental site assessments.

(9) Such other information as the Administrator reasonably requires in relation to the Insurance Commitment.

(10) A non refundable application fee in the amount that as is currently in effect.

Okla. Admin. Code § 200:10-9-2