Throughout the lack of a keen OSC loan, ‘s the endeavor financially practical ( elizabeth

• have been in a good CTC, and you may
• aren’t an occurrence you to exclusively has safety applications.

For this inaugural NOFA, OSC will loans the newest procurement or treatment out of equipment to own production procedure from the CTCs.

C. Part 8140 Eligibility Requirements

OSC have a tendency to evaluate venture software to own present Government involvement. The fresh new Part 8140 Eligibility Criteria had been install pursuant so you can section 8140 of one’s Appropriations Act. The next proviso out of area 8140 necessitates the Assistant out of Shelter plus the Manager of your own Office from Government and you will Funds (OMB) so you’re able to jointly make conditions to have qualifications getting direct loans and you will mortgage pledges one maximum Government participation during the a job consistent with the standards to the budgetary procedures sent to when you look at the part 504 of one’s Government Borrowing from the bank Reform Act regarding 1990 (FCRA; 2 U.S.C. 661c) and you can based on the recommendations included in the 1967 Statement from the new President’s Commission to your Funds Rules. All the people entry software to have financial support under which NOFA need complete solutions on the Section 8140 Qualifications Standards. OSC and you may OMB will do an alternative breakdown of the newest solutions on the Section 8140 Qualifications Requirements solutions to see perhaps the software matches the conditions.

Federal Qualifications Threshold Questions

1. Is the prospective borrower trying financing to have a job or transaction in order to make a sensation, unit, investment, and/otherwise service wherein the government ‘s the best associate?

2. Is the potential debtor trying to capital getting a venture otherwise transaction to produce a phenomenon, tool, investment, and/or service where installment are majority dependent on most recent or anticipated Government supply ( elizabeth.grams., provides or deals)?

Government Exchange Assessment Requirements

step 1. Is the debtor a community-individual relationship, or really does the us government or even features a role about governance of hobby financed by advised exchange ( e.g., a corporate officer standing, membership on the Board out-of Administrators, the capacity to unilaterally decide or veto people in the newest Panel of Administrators, or other types of manage otherwise influence booked to have a stockholder), excepting any conditions and terms within the Borrowing Agreement otherwise ancillary documents?

dos. Is the advised exchange financial support a task for which a federal agencies has experienced prior authorization inside guidelines, and you can in place of and this consent a personal sector entity wouldn’t engage throughout the pastime?

step three. grams., ‘s the OSC mortgage important to securing good studies views otherwise catalyzing private expenditures)? In this case, delight describe how the recommended transaction fits for the examined newest individual sector.

4. Really does your order believe government entities making most other have a glimpse at this link in-type efforts (house, a house, right-of-means, an such like.)? If yes, excite explain.

5. What, if any, current Federal resource property ( elizabeth.grams., Government residential property, formations, equipment, or mental possessions) might possibly be affected by your order? Eg, have a tendency to your order money structure of a valuable asset towards the Federal homes, or do your order rely on the latest Federal Government’s went on possession and you may maintenance out of a pattern getting stability?

six. To your training, excluding a meeting off standard, do the federal government be asked to defense economic loss associated on endeavor?

About Software Region step 1, in case your candidate responses yes to the of one’s Federal Exchange Examination Standards, the brand new candidate could well be greet so you’re able to supplement the response to render then detail.

D. Qualified Will set you back

Lead finance designed for eligible programs thanks to OSC may be used to invest in the purchase otherwise rehabilitation out of equipment, and adopting the will set you back physically associated with financed equipment:

• Pre-installations can cost you, particularly planning, creativity, systems studies, funding, judge expenditures, and you can associated costs (with the exception of app will set you back, hence shall not be protected);