§ 307.14 - Revolving Loan Fund report.

§ 307.14 Revolving Loan Fund semi-annual report and Income and Expense Statement.

Cross Reference

Link to an amendment published at 82 FR 57057, Dec. 1, 2017.

(a) Frequency of reports. All RLF Recipients, including those receiving Recapitalization Grants for existing RLFs, must complete and submit a semi-annual report in electronic format, unless EDA approves a paper submissionan RLF report, using Form ED-209, in a format and at a frequency as required by EDA.

(b) Report contents. RLF Recipients must certify as part of the semi-annual RLF report to EDA that the RLF is operating in accordance with the applicable RLF Plan . RLF Recipients also must describe (and propose pursuant to § 307.9) any modifications to the RLF Plan to ensure effective use of the RLF as a strategic financing tool.

(c) RLF Income and Expense Statement. An RLF Recipient using either 50 percent or more (or more than $100,000) of RLF Income for administrative costs in a six-month Reporting Period must submit to EDA a completed Income and Expense Statement (Form ED-209I or any successor form) for that Reporting Period in electronic format, unless EDA approves a paper submission. EDA may waive this requirement for an RLF Grant with a small RLF Capital Base, as determined by EDA.

[73 FR 62867, Oct. 22, 2008, as amended at 75 FR 4264, Jan. 27, 2010; 79 FR 76134, Dec. 19, 2014

and that the information provided is complete and accurate.

[82 FR 57057, Dec. 1, 2017]