§ 138b.5. Submission of proposal.

 An agricultural processor that wishes to be considered for a grant under this program shall submit an application to the Department in the form of a proposal, addressing the criteria in §  138b.7 (relating to criteria for awarding grants) and the following information:

   (1)  Name, address and telephone number, using the official name without abbreviations unless the abbreviation is part of the official name. For an individual, partnership or corporation, the names and trade name used shall be indicated, a copy of the partnership agreement or articles of incorporation shall be attached and a contact person shall be indicated.

   (2)  Grant amount requested.

   (3)  Detailed project description, including, but not limited to:

     (i)   Identity and source of farm commodity to be processed.

     (ii)   Potential for job creation.

     (iii)   Total project cost estimates.

     (iv)   Experience and credentials of the applicant.

     (v)   If applicable, explanation of how new technology will be used in connection with the project.

     (vi)   Market demand for final product of the processing operation.

   (4)  Financial data including the following:

     (i)   Net worth statements and balance sheets.

     (ii)   Income statements for the past 3 years.

     (iii)   Five-year income projections.

     (iv)   Source of matching funds. The applicant shall provide evidence that matching funds are available on a cash basis.

   (5)  Other information that the Secretary or the Grant Committee may request in order to review the proposal.

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