Approved State Program definition
Examples of Approved State Program in a sentence
The purpose of this Allocation is to carry out the Approved State Program as described in Annex 1 attached hereto, which is incorporated herein by reference.
The purpose of the Allocation is to assist the Participating State to increase the amount of capital made available by private lenders to small businesses through its Approved State Program.
Except as provided in paragraphs 2 and 3 herein, Treasury will disburse to the Participating State each successive one-third of the Allocation Funds after the Participating State certifies to Treasury that it has expended, transferred, or obligated 80 percent of the last transferred one-third for federal contributions to, or for the account of, the Approved State Program.
The Participating State shall be fully positioned within 90-days of the date of this Agreement to act on providing the type of credit support that the Approved State Program was established to provide using the Allocated Funds.
The Participating State may use its Allocation to pay both direct and indirect administrative costs incurred in carrying out the Approved State Program subject to the limitations described in the table below.
Reporting this data for subsequent years allows the SSBCI to determine program effectiveness in achieving the Participating States’ projected 10 to 1 private leveraging expectation across all Approved State Programs and the projected 1 to 1 private leveraging requirement for each Approved State Program that is an OCSP.
The Participating State has designated the XXXXXXXXXXXXXXXXX to implement the Participating State’s Approved State Program.
The Participating State has designated the Commonwealth of the Northern Mariana Islands Department of Commerce to implement the Participating State’s Approved State Program.
The Participating State has designated the to implement the Participating State’s Approved State Program.
Section 5.1 of the Allocation Agreement identifies DOC as the agency responsible for the implementation of the Participating State’s Approved State Program.