(1)
Timing of applications. EOED may administer the Fund
by accepting applications for Financial Assistance on a rolling basis or
through the issuance of requests for proposals at least once per calendar
year.
(2)
Required
information. EOED shall publish the application form to be used to
apply for Financial Assistance. Minimum required information may include:
(a) The name, address, and contact
information of the person or entity applying for Financial
Assistance.
(b) The names, contact
information and ownership interest of all Persons or Entities Having Direct
Control of the entity applying for Financial Assistance.
(c) Confirmation from the Commission that the
person or entity applying for Financial Assistance is an Economic Empowerment
Priority Applicant, Social Equity Business or Social Equity Program
Participant.
(d) A copy of (i) the
License or other Commission notification of provisional licensure issued by the
Commission to the person or entity applying for Financial Assistance; or (ii)
if the person or entity applying for Financial Assistance does not yet have a
License, a copy of the License application; or (iii) if the person or entity
has not yet submitted an application, documentation acceptable to EOED showing
that the person or entity has taken affirmative steps toward submitting an
application for a License.
(e)
Certificates of good standing, issued within 30 days of the application, from
the Corporations Division of the Secretary of the Commonwealth, Department of
Revenue, and Department of Unemployment Assistance, if applicable.
(f) Proof of occupancy or intent to occupy
the premises where the person or entity applying for Financial Assistance will
conduct its Licensed business, including evidence that the intended use of the
premises as a Marijuana Establishment or Medical Marijuana Treatment Center
complies with all applicable state regulations and local codes, ordinances and
bylaws.
(g) Information sufficient
to justify the amount of Financial Assistance requested, including
1. actual or projected expenses of the
Marijuana Establishment or Medical Marijuana Treatment Center;
2. actual or projected revenue of the
Marijuana Establishment or Medical Marijuana Treatment Center; and
3. actual or projected sources of debt and
equity financing.
(h)
Statement of the need for and intended use of the Financial Assistance,
including a schedule for the use of funds.
EOED may require any other information or documentation it
deems relevant to ensure Financial Assistance is distributed in accordance with
the purpose and intent of M.G.L. c. 94G § 14A and the requirements of
935 CMR
500.000,
935 CMR
501.000 and
400 CMR
8.00.
(3)
Request for additional
information. EOED shall notify the person or entity applying for
Financial Assistance if EOED determines that the person or entity's application
is incomplete. EOED may at any time require the submission of additional
information it deems necessary to complete its review of an application for
Financial Assistance.
(4)
Fees. EOED may establish and collect reasonable
application fees from persons and entities requesting Financial Assistance to
offset costs of administering the Fund.
(5)
Outreach. When
issuing an RFP or when accepting applications for Financial Assistance on a
rolling basis, EOED shall advertise the program to encourage participation from
applicants representing all License types.
