1721.105—Application documents.
(a) Deferments for financial hardship.
A Borrower requesting a section 12 deferment because of financial hardship must submit the following:
(1)
A summary of the financial position of the Borrower, based on the latest information available (usually less than 60 days old).
(3)
A 10-year financial forecast of revenues and expenses on a cash basis, by year, for the period of the extension and 5 years beyond to establish that the remaining payments can be made as rescheduled.
(4)
A listing of notes or portions of notes to be extended, the effective date for the beginning of the extension, and the length of the extension.
(5)
A narrative description of the nature and cause of the hardship and the strategy that will be instituted to mitigate or eliminate the effects of the hardship.
(b) Deferments for energy resource conservation loans.
A Borrower requesting principal deferments for an ERC loan program must submit the following information:
(1)
A letter from the Borrower's General Manager requesting an extension of principal payments for the purpose of offering an ERC loan program to its members and describing the details of the program.
(c) Deferments for renewable energy projects.
A Borrower requesting principal deferments for its renewable energy project must submit the following information:
(1)
A letter from the Borrower's General Manager requesting an extension of principal payments for the purpose of financing a renewable energy project and describing the details of the project.
(d) Deferments for distributed generation projects.
A Borrower requesting principal deferments for distributed generation projects must submit the following information and approval is also subject to any applicable terms and conditions of the Borrower's loan contract, mortgage, or indenture:
(1)
A letter from the Borrower's General Manager requesting an extension of principal payments for the purpose of financing distributed generation projects and describing the details of the project, and
(e) Deferments for contribution-in-aid of construction.
A Borrower requesting principal deferments for contribution-in-aid of construction must submit the following information:
(1)
A letter from the Borrower's General Manager requesting an extension of principal payments for the purpose of offering a contribution-in-aid of construction program and describing the details of the program.
(3)
A summary of the calculations used to determine the average cost per residential consumer. (See § 1721.104 (e)(2) ).