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§ 771.11 - Application.

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A complete application will consist of the following:

An application for Federal assistance (available in any FSA office);

Applicant's financial projections including a cash flow statement showing the plan for loan repayment;

Copies of the applicant's authorizing State legislation and organizational documents;

List of all directors and officers of the applicant;

Copy of the most recent audited financial statements along with updates through the most recent quarter;

Copy of the referendum used to establish the assessments and a certification from the Board of Directors that the referendum passed;

Evidence that the officers and employees authorized to disburse funds are covered by an acceptable fidelity bond;

Evidence of acceptable liability insurance policies;

Statement from the applicant addressing any current or pending litigation against the applicant as well as any existing judgments;

A copy of a resolution passed by the Board of Directors authorizing the officers to incur debt on behalf of the borrower;

Any other information deemed to be necessary by FSA to render a decision.

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§ 771.10
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§ 771.12 - Funding applications.