Page:United States Statutes at Large Volume 104 Part 5.djvu/441

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3763 (5) provide technical and business counseling to entities that are not seeking financial assistance from the Center, but which are engaged in commercializing nonfood, nonfeed uses of agricultural commodities. (d) APPLICATION REQUIREMENTS.— (1) FILED WITH DIRECTOR.— To obtain financial assistance from the Center under this section, an eligible entity shall file an application with the Director. (2) CONTENTS.—An application submitted to the Director under paragraph (1) shall— (A) describe the proposal of the entity for the commercialization of a new product consistent with this section, including documentation that such proposal is— (i) scientifically sound; (ii) technologically feasible; and (iii) marketable; (B) provide documentation that adequate private sector funding is not available, but that the applicant has the ability to obtain matching funds from the public or private sectors; (C) provide documentation that the applicant has invested in the project a significant amount of the applicant's own resources, including time and money; (D) provide documentation that the product or process has broad application and has the potential to be commercially viable without continual assistance; (E) provide documentation that the proposal has broad participation by representatives of the public sector, the financial community, the private business community. State and loced governments, educational institutions, the farm community, the science and engineering communities; (F) provide documentation that an established relationship exists between the applicant and other entities to give the applicant access to private business assistance; (G) provide assurances of legal compliance by the applicant with the terms and conditions of the receipt of assistance under this section; and (H) provide assurances that the project will result in the creation of new jobs in rural communities. (e) PRIORITIES.—The Board shall give priority to— (1) applications that shall create jobs in economically distressed rural areas; (2) applications that have State or local government financial participation; and (3) applications that have private financial participation. (f) ADDITIONAL CRITERIA.— The Board shall establish additional criteria for use in selecting among equivalent applications. Such criteria shall emphasize— (1) the quantity and quality of jobs that are likely to be created in rural communities; (2) the amount of the financial participation by State or local governments or private entities; (3) the qualifications of the maneigement to be used in the project; (4) the potential market demand for the potential product to be marketed proportional to the financial assistance requested; and

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