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With respect to States aside from Tribal governments, the Secretary shall figure out the 2021 allocation by allocating Federal money among the States in the proportion that every these types of Condition's 2020 Condition work decrease bears towards the combination with the 2020 Condition work declines for all States.
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(two) can show an affordable expectation that, when regarded as with all other Point out courses in the Point out, these Condition courses together have the chance to use quantities of new Federal contributions to, or to the account of, all such systems within the Point out to trigger and end in amounts of new modest small business lending not less than 10 occasions The brand new Federal contribution amount;
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A loan to become submitted for enrollment in an accredited Point out money entry plan can be produced with these desire amount, fees, and various terms and conditions, plus the loan could be enrolled within the authorised Point out cash access program and promises could possibly be submitted and paid out, as agreed upon via the economical establishment lender and also the borrower, per applicable regulation.
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(two) all lawful actions necessary to permit this sort of selected Section, agency, or political subdivision to put into practice a State plan and be involved in the Program have already been achieved;
The term "qualifying loan or swap funding facility" usually means a contractual arrangement amongst a participating Condition and a private money entity underneath which—
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