(one) a selected Section, agency, or political subdivision on the State has long been specified to apply a Point out application and get involved in This system;
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(two) can exhibit a reasonable expectation that, when regarded as with all other Point out packages in the Condition, this sort of State courses collectively have a chance to use quantities of new Federal contributions to, or with the account of, all this sort of applications during the Condition to result in and lead to amounts of new small enterprise lending at the least ten periods the new Federal contribution volume;
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(iii) shall not allow the enrollment of a loan to a borrower That could be a refinancing of the loan Beforehand manufactured to that borrower with the economic institution lender or an affiliate from the monetary institution lender; and
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