VETOES

(5)  The amount of financial assistance sought from
the Authority;

(6)  Information that relates to the inability of the
applicant to obtain adequate financing on reasonable terms
through normal lending channels;

(7)  Information that relates to the financial status
of the applicant, including:

(i) A current balance sheet;

(ii) A profit and loss statement; and

(iii) Credit references; and

(8)  Any other relevant information that the Authority
requests.

(c) After receipt of an application for assistance from the
Contract Financing Fund, the Authority may determine by
resolution that an applicant shall provide an audited balance
sheet before the Authority makes its decision on the application.

(D) THE AUTHORITY MAY DELEGATE THE REVIEW AND APPROVAL OF
THE APPLICATION INFORMATION REQUIRED UNDER SUBSECTION (B)(1),
(2), AND (3) OF THIS SECTION TO THE EXECUTIVE DIRECTOR OF THE
AUTHORITY WHEN AN APPLICANT MEETS ALL OTHER REQUIREMENTS OF
SUBSECTION (B) OF THIS SECTION.

13-233.

(b) (1) If the Authority decides to lend money from the
Contract Financing Fund to an applicant, the Authority shall
prepare loan documents which shall include:

(i) The rate of interest on the loan, which
shall equal the market rate for a conventional loan of comparable
risk unless the Authority finds that a lower rate better carries
out the purposes of this subtitle;

(ii) A payment schedule that provides money to
the applicant in the amounts and at the times that the applicant
needs the money to perform the [government] contract;

(iii) A requirement that, before each advance
of money is released to the applicant, the applicant and the
Authority cosign the request for the money; and

(iv) Provisions for repayment of the loan.

(2) The loan documents may include any other
provision that the Authority determines is necessary to secure

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