Cal. Code Regs. Tit. 4, § 8053 - Application Availability, Submission and Coordinator Review

(a) Applications shall be available from the Authority's staff and from any Contractor. Applicants can obtain a list of Contractor(s) or a copy of the Application by contacting the Authority's staff at the following address: California Pollution Control Financing Authority, 915 Capital Mall, Room 466, Sacramento, California, 95814 Attention: CLEAN Program, or by phoning (916) 654-5610. The Application shall contain the information set forth in Section 8054. The Applicant shall submit one (1) complete and signed Application to a Coordinator.

(b) The Coordinator shall review each Application in accordance with Section 8051. If the Coordinator determines that the Application is incomplete, the Coordinator shall provide assistance to the Applicant in completing the Application. No later than sixty (60) days following receipt of a complete Application, the Coordinator shall either:

(1) Notify the Applicant that the Application is ineligible; or

(2) Notify the Applicant that the Application is eligible.

(c) When the Coordinator acts pursuant to (b)(2) of this Section, it shall ensure that the Application is complete, and, shall deliver or mail to the Authority the original Application and an Assessment Report. The Assessment Report shall consist of the following:

(1) Name and address of Applicant and any guarantors of the Loan;

(2) Loan amount;

(3) Description of the Project;

(4) Monthly payment, loan fee and estimated interest rate;

(5) Primary and secondary repayment sources;

(6) Security;

(7) Description of Applicant's business (including location);

(8) Discussions of Applicant's management structure and qualifications;

(9) Financial analysis addressing Applicant's ability to repay the Loan;

(10) Evidence that Applicant is a Small Business;

(11) Discussion of potential environmental risks in connection with the Project; and

(12) Loan conditions and requirements.

Notes

Cal. Code Regs. Tit. 4, § 8053

1. New section filed 10-11-94; operative 11-10-94 (Register 94, No. 41).

Note: Authority cited: Section 44520(a), Health and Safety Code. Reference: Sections 44533(b) and 44548, Health and Safety Code.

1. New section filed 10-11-94; operative 11-10-94 (Register 94, No. 41).