ED_900F_V1.2_2028.pdf
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- Opportunity number
- PWEAA2023
About this file
The document is an ED-900F form for Additional EDA Assurances for Revolving Loan Fund (RLF) Investments, issued by the Economic Development Administration (EDA) with OMB Number 0610-0094 and an expiration date of 01/31/2028. The form requires applicants to certify four key obligations: (1) understanding that RLF assets remain federal property until the award is terminated, (2) committing to submit RLF Financial Reports semiannually, (3) agreeing to submit annual independent audits to the Federal Audit Clearinghouse, and (4) administering the RLF award only through an EDA-approved RLF Plan.
The form includes signature lines for an authorized certifying official, their title, applicant organization, and submission date. It specifies that RLF award recipients must hold RLF assets in trust, which include cash, receivables, property, and financial instruments acquired with RLF award funds. The document emphasizes compliance with federal administrative requirements, specifically the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200, Subpart F), and notes that EDA may require return of federal assets if the recipient fails to meet obligations.
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ED-900F - Additional EDA Assurances for Revolving Loan Fund Investments
OMB Number: 0610-0094 Expiration Date: 01/31/2028
For Revolving Loan Fund (RLF) investments: As a duly authorized representative of the applicant, I further certify that the applicant:
1. Understands that an RLF award recipient holds RLF assets in trust and that the federal share of the RLF assets (as defined at 13 C.F.R. § 314.5) remains federal property until the RLF award is terminated or the federal interest in the RLF award is released. The RLF assets include all cash, receivables, personal property, real property, and notes or other financial instruments acquired in whole or in part RLF award funds. The Applicant further understands that if EDA determines an RLF award recipient has failed to meet any of its obligations, EDA may require the recipient to return the federal share of the RLF assets.
2. Understands that an RLF award recipient must complete and submit an RLF Financial Report, at a frequency to be determined by EDA, until the RLF award is terminated or the federal interest in the RLF award is released. In most cases, EDA requires RLF award recipients to report semiannually.
3. Will submit an annual independent audit to the Federal Audit Clearinghouse or to EDA, as applicable, until the RLF award is terminated or the federal interest in the RLF award is released.
RLF award recipients must comply with the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200, Subpart F), and any related terms in conditions attached to the RLF award, until the RLF award is terminated or the federal interest in the RLF award is released.
4. Will administer the RLF award only in accordance with an EDA-approved RLF Plan. RLF award recipients are responsible for preparing the RLF Plan. RLF award recipients may not make RLF loans until EDA approves the RLF Plan.
SIGNATURE OF AUTHORIZED CERTIFYING OFFICIAL TITLE
APPLICANT ORGANIZATION DATE SUBMITTED
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