870 R.I. Code R. 870-RICR-20-00-2.8

Current through December 3, 2024

Section 870-RICR-20-00-2.8 - Application

A. Each Application made by an Applicant shall include the following information in a format prescribed by the Corporation (unless inapplicable):

1. the name, address and principal contact for the Applicant;

2. state and federal tax identification numbers;

3. the location of the Project;

4. a detailed description of the Project;

5. a demonstration that the Project satisfies at least one of the purposes set forth in § 2.6(A)(2) of this Part;

6. a detailed description of the Project's financing, including sources and uses of funds;

7. a statement of need demonstrating why First Wave Financing in the amount sought is necessary to bring the Project to fruition in the State;

8. the amount of First Wave Financing requested, and the form (debt, equity, grant) in which the First Wave Financing is sought;

9. a schedule for the disbursement of the First Wave Financing;

10. a description of the proposed use of the First Wave Financing;

11. a list of all federal, state, and local incentives, grants, tax credits or other aid (including a tax stabilization agreement) that will or may be received or requested for the Project, and the status of the application for each;

12. an explanation of the major risks, business drivers, and financial opportunity associated with the Project;

13. a list and status of all required federal, state and/or municipal approvals and/or permits required for the Project; and

14. such other information as the Corporation deems appropriate or necessary.

870 R.I. Code R. 870-RICR-20-00-2.8