| (a) An applicant shall submit an application for financial assistance in writing and will accompany the written application either with a telephone briefing or, if feasible, a meeting with board staff. (b) The following information is required on all applications to the board for financial assistance. (1) General, Fiscal and Legal Information. The application shall include: (A) the name and address of the applicant; (B) a citation of the law under which the applicant operates and was created; (C) the amount of financial assistance being requested; (D) the name, address and telephone numbers of the applicant's board members; (E) the legal authority to pledge selected revenues; (F) the financing plan for repaying the total cost of the loan; (G) except for newly created districts, the most recent annual financial statements and latest monthly and year-to-date financial reports of the applicant; (H) a certified copy of a resolution of the applicant's governing body requesting financial assistance from the board, authorizing the submission of the application, and designating the authorized representative for executing the application and for appearing before the board; (I) an affidavit executed by the authorized representative stating that the facts contained in the application are true and correct to his/her best knowledge and belief; that the applicant will comply with all representations in the application and with all laws of the State of Texas and all rules and published policies of the board; that there is no litigation or other proceeding pending or threatened against the applicant wherein an adverse decision would materially adversely affect the financial condition of the applicant or its ability to issue debt; and that the application for financial assistance was considered and approved by the governing body in an open meeting; (J) a description of the initial operations; and (K) the total start-up cost of the initial operations. (2) Additional Application Information. Any additional information requested by the executive administrator as necessary to complete the financial and legal reviews. |
