LAC 33:IX.2111. Application Process for Funding

A. Any potential applicant applying for a project loan shall first submit a completed preapplication form and associated documentation to the department. All qualified projects for which a preapplication is submitted shall be included on the next fiscal year’s project priority list in accordance with the S.T.E.T. priority system. B. Applicants selected by the department to be tentatively funded for loan assistance in the current fiscal year shall be notified in writing. C. An applicant notified by the department for tentative funding shall submit a completed application package to the department for review and approval. The contents of the application shall be consistent with the information detailed in the preapplication form. The application package shall include all application forms and schedules required by the department and documents necessary to demonstrate the necessity, and benefits, and costs associated with the project. Supporting documents may include, but are not limited to, the following: 1. feasibility studies, engineering reports, and environmental impact evaluations required by LAC 33:IX.2125; 2. project plans and specifications; 3. financial information (possibly including project schedules, financial audits, copies of ordinances, State Bond Commission approval, and other required forms); and 4. other documents that may be deemed necessary by the department. D. Once all required information is received and approved by the department, a loan may be awarded.