ARSD 74:05:10:04. Applications

Applicants shall submit an application to the board on forms obtained from the department. The applicant may arrange with the department for a preapplication conference to provide for orderly application preparation. An application will not be considered by the board until the secretary has determined that the application is complete. A complete application must include the following items, as applicable to the proposal: (1) Application form; (2) Project narrative; (3) Current year budget; (4) Previous two years of financial statements; (5) Amortization schedules for all debt pledged to proposed security; (6) Local government resolution approving signatory of application, agreements, and pay requests; (7) Local government resolution approving current fee structure; (8) Cooperative agreements with units of local government; (9) Letters of financial commitment from other federal, state, or local agencies or private resources; and (10) Business plan.