Applications

Applications. The application to be submitted by a borrower must include: A. The purpose of the proposed loan including a list of eligible items and the cost of each; B. Detailed project description, including pictures for facility projects; C. The estimated cost of the total project with a detailed breakdown of all public and private sources of funding; D. The time schedule for implementation and completion of the project, evidencing an expeditious completion of the project; E. Certified proof of publication of the Resolution of Intention of the Applicant to apply for a loan. The Resolution must be published once a week for at least four (4) consecutive weeks in a newspaper having general circulation in the county; F. Upon receiving the results from publishing the Resolution of Intention, the Applicant must provide MDA with an execution Resolution of No Protest; G. Opinion of counsel from the public schools and/or local Applicant addressing the authority to borrow under the Loan Program and to pledge a tax base as collateral for such loan; and H. Most recent audited financial statements. I. Two (2) copies of the application must be submitted to MDA.