---
kind: "section"
citation: "7 C.F.R. § 771.11"
title: "7"
number: "771.11"
heading: "Application."
url: "https://uscodex.org/cfr/7/771.11"
---

# §771.11. Application.


A complete application will consist of the following:

- (a) An application for Federal assistance (available in any FSA office);
- (b) Applicant's financial projections including a cash flow statement showing the plan for loan repayment;
- (c) Copies of the applicant's authorizing State legislation and organizational documents;
- (d) List of all directors and officers of the applicant;
- (e) Copy of the most recent audited financial statements along with updates through the most recent quarter;
- (f) Copy of the referendum used to establish the assessments and a certification from the Board of Directors that the referendum passed;
- (g) Evidence that the officers and employees authorized to disburse funds are covered by an acceptable fidelity bond;
- (h) Evidence of acceptable liability insurance policies;
- (i) Statement from the applicant addressing any current or pending litigation against the applicant as well as any existing judgments;
- (j) A copy of a resolution passed by the Board of Directors authorizing the officers to incur debt on behalf of the borrower;
- (k) **Any other information deemed to be necessary by FSA to render a decision.**

## Notes

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989; and Pub. L. 104-180, 110 Stat. 1569.

### Source

Source: 67 FR 59771, Sept. 24, 2002, unless otherwise noted.