- have good CTC, and you can
- commonly a trend you to entirely have security programs.
For it inaugural NOFA, OSC aims to finance the fresh procurement otherwise rehabilitation out-of gizmos to own design techniques on the CTCs.
C. Area 8140 Eligibility Conditions
OSC have a tendency to see enterprise apps to possess current Government engagement. The brand new Part 8140 Qualification Standards was basically put up pursuant so you’re able to area 8140 of your Appropriations Act. The next proviso off area 8140 requires the Secretary regarding Shelter while the Director of your own Office away from Management and you can Finances (OMB) so you’re able to together build standards for qualifications getting lead funds and financing promises one limitation Government participation when you look at the a venture similar to the standards to your budgetary therapy sent to into the point 504 of Government Borrowing Change Operate out of 1990 (FCRA; dos You.S.C. 661c) and you may based on the suggestions within the 1967 Report of the President’s Fee into Funds Basics. Most of the people submission programs to have investment around so it NOFA must over responses to your Part 8140 Qualifications Standards. OSC and OMB is going to do a holistic report about brand new solutions into Point 8140 Qualification Criteria answers and discover whether or not the application meets the conditions.
Government Qualification Threshold Questions
1. ‘s the prospective borrower looking to money getting a job or transaction which will make an event, equipment, investment, and/or services for which government entities is the only affiliate?
2. ‘s the prospective borrower looking to financing to own a job otherwise deal to make a phenomenon, tool, asset, and/or service where repayment is actually vast majority dependent on latest or anticipated Government provide ( age.g., provides or agreements)?
Government Exchange Examination Criteria
1. ‘s the borrower a general public-personal partnership, or do the us government if you don’t enjoys a task regarding governance of your hobby financed from the advised deal ( age.g., a corporate manager condition, registration towards Board from Directors, the capability to unilaterally choose or veto members of the new Board out of Administrators, and other different manage otherwise determine arranged to own a shareholder), with the exception of one fine print within the Borrowing from the bank Agreement or ancillary documents?
2. Is the advised transaction funding a job by which a national service has had prior authorization in regulations, and you may without and this consent a personal business organization won’t take part throughout the pastime?
step three. g., is the OSC mortgage important to securing positive studies viewpoints or catalyzing private assets)? In this case, excite determine how proposed exchange fits within the assessed newest private field.
4. Does the order believe the government and come up with almost every other when you look at the-type benefits (home, home, right-of-means, etcetera.)? In this case, delight define.
5. What, or no, latest Government money property ( age official website.g., Federal land, structures, devices, otherwise rational possessions) is impacted by the transaction? Including, usually the transaction loans build off a secured item towards Federal house, otherwise really does your order have confidence in the brand new Federal Government’s continued control and you may restoration away from a structure to possess stability?
six. To the degree, excluding an event away from standard, do the government have to shelter monetary losses associated for the enterprise?
On the Software Part step one, in case the candidate answers yes to your of one’s Government Exchange Examination Conditions, new applicant could be welcome so you’re able to complement the response to promote next detail.
D. Qualified Will set you back
Head financing made for qualified projects compliment of OSC can be used to invest in the purchase or rehab away from equipment, as well as the following the costs personally of funded equipment:
- Pre-setting up can cost you, such believed, invention, engineering studies, financing, courtroom expenses, and you may relevant charges (excepting application will cost you, which will never be covered);
