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Section: Compliance with regulations by foreign bank

Statute: 52:27D-448

6. The department may certify a nonprofit community development corporation or a Statewide organization when it determines that the development corporation or the Statewide organization: a. has developed a viable plan for providing training, access to financing, and technical assistance for qualified recipients; b. has demonstrated an ability to successfully provide training and technical assistance to qualified recipients; c. has broad-based community support within a region and has demonstrated support from other regional entities to provide assistance with service delivery and financial aspects; and d. has an adequate source of operating capital. L.1999,c.239,s.6; amended 2004, c.176, s.6.

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