Section 865-RICR-10-00-1.6 - Funding GuidelinesA. In the case of Applicants seeking I-195 Fund Financing for:1. Capital Investment requirements for anchor institutions (as owners or building project tenants) or other catalytic project components that can be instrumental in achieving some or all of the economic development and quality of life goals for the I-195 Land that are set forth in Section 2 of the selection criteria contained in the Developer's Toolkit; or 2. filling project financing gaps for real estate projects, an Applicant must demonstrate in its Request for Financing that its Project satisfies at least one of these purposes in order to be eligible for I-195 Fund Financing, in addition to the following conditions:a. A Project seeking I-195 Fund Financing must be located on the I-195 Land;b. I-195 Fund Financing may only be used to finance Capital Investment or other Project Costs; andc. If applicable, the Applicant will, at the discretion of the Commission, commit to applying for a tax stabilization agreement with the City of Providence for the Project.B. I-195 Fund Financing is available in the form of debt financing, equity financing, or grants. The Commission prefers that a Project not receive a lump sum distribution of the full amount of I-195 Fund Financing until the Applicant's equity has been fully applied to the Project; the disbursement of funds will be pursuant to an agreed-upon schedule of deliverables and contingent upon achievement of Project milestones.C. A Project may apply for both I-195 Fund Financing and other incentives available under federal or state law.865 R.I. Code R. 865-RICR-10-00-1.6