Section 830-RICR-10-20-1.4 - Loan ApplicationA. Requests for financing should be submitted in writing by the Chief Executive Officer or other authorized official of the Borrower to the Executive Director of the Bank. The written request shall include:1. A description of the project to be financed with the projected construction and completion schedule. In the case of a refinancing, a description of the completed project and the terms and source of previous financing. 2. A description of the dedicated source of loan repayment, i.e., general revenues of cities and towns or other source of revenue acceptable to the Bank. 3. A description of the overall operations of the Borrower, including but not limited to the most recent annual report or audited financials, with an emphasis on: e. Operating surpluses or deficits;f. Actual results versus budget; andg. Sources of financial liquidity.4. Legal authority or authorities to construct, finance and operate the project.5. The past five years Audited Financial Statements in accordance with Generally Accepted Government Accounting Standards or Generally Accepted Accounting Principals; or other historical financial information that the Bank deems appropriate.6. Financial and demographic information.7. For revenue bonds, financial projections over the life of the financing showing sources of revenues, operating expenses, capital replacement reserves, user fee impact analysis, and cash available for debt service.8. Such other information as the Bank may reasonably require.830 R.I. Code R. 830-RICR-10-20-1.4