---
kind: "section"
citation: "13 C.F.R. § 108.310"
title: "13"
number: "108.310"
heading: "Contents of application."
url: "https://uscodex.org/cfr/13/108.310"
---

# §108.310. Contents of application.


Each Applicant must submit a complete application, including the following:

- (a) **Amounts.** The Applicant must indicate—
  - (1) The specific amount of Regulatory Capital it proposes to raise (which amount must be at least $5,000,000); and
  - (2) The specific amount of binding commitments for contributions in cash or in-kind it proposes to raise, and/or an annuity it proposes to purchase, in accordance with the requirements of [§ 108.2030](/cfr/13/108.2030.md), as its matching resources for its Operational Assistance grant award (the aggregate of which must be not less than $1,500,000 or 30 percent of the Regulatory Capital it proposes to raise under [paragraph (a)(1)](#a-1) of this section, whichever is greater).
- (b) **Comprehensive business plan.** The Applicant must submit a comprehensive business plan covering at least a five-year period, addressing the specific items described in [§ 108.320](/cfr/13/108.320.md), and which demonstrates that the Applicant has the capacity to operate successfully as a NMVC Company.
- (c) **New Markets Tax Credit program.** Applicant must address if and to what extent it intends to conform its activities to the New Markets Tax Credit laws. If Applicant plans to seek a New Markets Tax Credit, Applicant also must state the amount of tax credit allocation it intends to seek.

## Notes

### Amendments

[66 FR 28609, May 23, 2001, as amended at 67 FR 68502, Nov. 12, 2002]

### Authority

Authority: 15 U.S.C. 689-689q.

### Source

Source: 66 FR 28609, May 23, 2001, unless otherwise noted.

### Amendments

[66 FR 28609, May 23, 2001, as amended at 67 FR 68502, Nov. 12, 2002]