- are located in good CTC, and
- aren’t an experience one to entirely has actually cover programs.
For this inaugural NOFA, OSC will loans the new procurement otherwise rehabilitation of devices having manufacturing process on CTCs.
C. Point 8140 Eligibility Criteria
OSC have a tendency to see endeavor apps for established Federal involvement. This new Part 8140 Qualifications Requirements have been build pursuant to part 8140 of one’s Appropriations Act. The 3rd proviso out-of section 8140 requires the Secretary out of Cover while the Director of Workplace out-of Administration and Funds (OMB) to as you write conditions getting qualification having lead fund and you can mortgage pledges that maximum Government participation within the a job consistent with the standards into the financial therapy delivered to inside section 504 of your own Government Credit Reform Operate off 1990 (FCRA; dos You.S.C. 661c) and you can in line with the suggestions part of the 1967 Statement off this new President’s Payment on Budget Axioms. All of the individuals submitting programs to possess financial support less than which NOFA need to done responses to the Part 8140 Qualification Conditions. OSC and OMB will do an alternative summary of the fresh new solutions into Section 8140 Qualifications Criteria solutions to see whether or not the software meets this new criteria.
Federal Qualification Tolerance Questions
step 1. Is the prospective borrower seeking funding getting a venture otherwise deal to manufacture a sensation, tool, investment, and/otherwise service which government entities ‘s the sole affiliate?
2. Is the possible debtor trying to financial support to possess a venture or purchase to create a sensation, unit, investment, and/or provider in which fees are most determined by latest otherwise expected Government supply ( e.g., provides or deals)?
Federal Purchase Tests Requirements
step one. Is the debtor a public-personal partnership, or really does the federal government if you don’t has a task on the governance of one’s activity financed by advised exchange ( e.grams., a business manager standing, membership on Board out of Directors, the capability to unilaterally elect otherwise veto personal loans in Los Angeles area members of the fresh Panel from Administrators, or any other forms of manage otherwise determine reserved for a stockholder), except for one conditions and terms included in the Borrowing from the bank Agreement otherwise supplementary data?
2. Is the suggested exchange resource a task by which a federal company has had early in the day authorization into the rules, and you may rather than and this authorization a private field entity wouldn’t take part on the passion?
step three. grams., ‘s the OSC financing critical to protecting advantageous studies feedback otherwise catalyzing personal investments)? If yes, please determine how advised transaction matches for the reviewed most recent individual market.
cuatro. Does the transaction rely on the government and also make other when you look at the-form contributions (house, home, right-of-way, etc.)? In this case, please establish.
5. What, if any, latest Federal funding property ( elizabeth.grams., Government residential property, structures, products, or intellectual assets) is affected by the transaction? Such, have a tendency to the transaction funds build out of an asset to the Government property, otherwise do your order have confidence in the fresh new Federal Government’s went on ownership and you will repairs out of a structure to possess stability?
six. Towards the degree, with the exception of a meeting out-of default, do the government be required to coverage financial losings associated for the project?
From the App Part step one, in case your candidate responses yes to the of one’s Federal Exchange Assessment Criteria, brand new candidate will be invited so you can complement the response to offer further detail.
D. Eligible Costs
Head funds designed for qualified ideas compliment of OSC can be utilized to finance the purchase otherwise rehabilitation away from equipment, while the following the costs myself of the financed equipment:
- Pre-construction will set you back, eg believed, development, engineering data, investment, courtroom expenditures, and you may associated charges (aside from software costs, hence shall not be secured);