Rhode Island Code of Regulations
Title 830 - Infrastructure Bank
Chapter 10 - Programs
Subchapter 05 - Energy
Part 3 - Clean Energy Fund Policies and Procedures
Section 830-RICR-10-05-3.8 - Loan Application
Universal Citation: 830 RI Code of Rules 10 05 3.8
Current through September 18, 2024
A. A loan application may include but not be limited to:
1. A description of the Project(s) to be
financed with the projected construction and completion schedule. In the case
of a refinancing, a description of the completed Project and the terms and
source of previous financing.
2.
How the Project will address at least one of the categories within § 3.5
of this Part.
3. A description of
the source of repayment, i.e., general revenues of the Borrower or other source
of funds acceptable to the Bank including but not limited to an appropriations
pledge.
4. A description of the
overall operations of the Borrower, including but not limited to the most
recent annual report and audited financials, with an emphasis on:
a. Legal structure;
b. Management;
c. Sources of revenues;
d. Operating expenses;
e. Operating surpluses or deficits;
and
g. Sources of financial
liquidity.
5. Legal
authority or authorities to construct, finance, and operate the
Project.
6. Financial statements in
a form acceptable to the Bank.
7.
Financial and demographic information.
8. Such other information as the Bank may
reasonably require.
Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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