This document serves as the binding, enforceable contract between a Participating State and the United States Department of the Treasury. The draft of the Allocation Agreement for the State Small Business Credit Initiative (SSBCI) is provided for illustrative purposes only and should not be relied upon or used for any other purpose. The exact terms and conditions of each specific allocation are set forth in the Allocation Agreement (and its exhibits) that is executed by the Treasury and each State.
This document provides guidance for requesting an approval of a proposed modification to an Approved State Program or implementing State agency ("modification"_ under the SSBCI Program. Treasury requires states to modify the Allocation Agreement to add, eliminate, or terminate an Approved State Program, or to materially change the scope and purpose of Approved State Programs. Modifications may also be required if a state reapportions funds among Approved State Programs or changes the identity of the agency or contracting entity implementing or administering the program.
Procedures for Notifying Treasury of a Change in the Authorized State Official and Delegations of Authority
This document provides guidance for notifying Treasury of a change in the Authorized State Official and Delegations of Authority.
The State Small Business Credit Initiative is open to any state of the United States (and the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of Northern Mariana Islands, Guam, American Samoa, and the United States Virgin Islands) that establishes a new, or has an existing, capital access or state credit support program that meets the eligibility requirements in the Act. In certain circumstances, municipalities may have an opportunity to apply to the Treasury Department for State Small Business Credit Initiative funding.
SSBCI has developed design profiles of eligible programs