,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #gjbc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #bg1 #bjbj,mrs4 ,trahan 7= h]self1 ,mr4 ,mc,kinley1 ,ms4 ,matsui1 ,mr4 ,rose ( ,new ,york1 ,mr4 ,fitzpatrick1 ,ms4 ,haal&1 ,mr4 ,ryan1 ,mr4 ,trone1 ,mr4 ,simpson1 ,mr4 ,c\rtney1 ,ms4 ,slotk91 ,mr4 ,?ompson ( ,p5nsylvania1 ,mr4 ,loebsack1 ,mr4 ,wel*1 ,mr4 ,morelle1 ,ms4 ,escob>1 ,ms4 ,f9k5au]1 ,mr4 ,higg9s ( ,new ,york1 ,mr4 ,wilson ( ,s\? ,c>ol9a1 ,mr4 ,k+ ( ,new ,york1 ,mr4 ,cunn+ham1 ,mr4 ,c>t] ( ,texas1 ,mr4 ,br9disi1 & ,ms4 ,mc,collum7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to require ! ,secret>y ( ! ,treasury to implem5t a program t provides f9ancial assi/ance to sports facilities1 museums1 & community !at]s1 & = o!r purposes4 #a4 ,assi/ance = sports facilities1 museums1 & community !at]s ,section #djjc ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijdb7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,assi/ance = sports facilities1 museums1 & community !at]s 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury %all1 us+ am\nts made available "u subsection 7b77#d71 implem5t a program t provides f9anc+ ( n less ?an #a1jjj1jjj1jjj = loans to community-own$ or private bus9esses t-- 7,a7 _h rev5ue 9 #bjai ( n m ?an #ce1jjj1jjj2 & 7,b7 h contractual obligations = mak+ lease1 r5t1 or bond paym5ts = publicly own$ sports facilities1 museums1 & community !at]s4 7#b7 ,loan t]ms ,any su* loan %all h ! foll[+ t]ms & su* o!r t]ms z ! ,secret>y %all det]m9e3 7,a7 ,a t]m ( #ae ye>s4 7,b7 ,an annualiz$ int]e/ rate ( n high] ?an ! ,london ,int]-bank ,(f]$ ,rate plus #bjj basis po9ts4 7,c7 ,n include a requirem5t to provide collat]al or a gu>anty ( su* loan4 7,d7 ,n exce$ #be1jjj1jjj & %all be 9 an am\nt z det]m9$ betwe5 ! recipi5t & ! l5d] 7b 9 no ev5t %all ! am\nt ( su* loan be det]m9$ bas$ on ! recipi5t's e>n+s be=e int]e/1 taxes1 depreciation1 & amortization74 7,e7 ,int]e/ & pr9cipal on ea* su* loan %all be paid z foll[s3 7i7 ,= ! fir/ #ab mon?s aft] any su* loan is made1 or = su* long] p]iod z ! ,secret>y may det]m9e 9 8 discretion1 no pr9cipal or int]e/ %all be due & payable4 7ii7 ,f ye> #b ?r\gh ye> #ad ( ! t]m ( any su* loan1 int]e/ on ! pr9cipal am\nt ( su* loan %all be payable mon?ly & #b4ca p]c5t ( ! pr9cipal am\nt ( su* loan %all be payable at ! end ( ea* su* ye>4 7iii7 ,9 ye> #ae ( ! t]m ( any su* loan1 int]e/ %all be payable mon?ly & ! rema9+ #gj p]c5t ( ! pr9cipal am\nt ( su* loan %all be paid at ! end ( su* ye>4 7,f7 ,! recipi5t %all be p]mitt$ to prepay any su* loan at any "t )\t premium or p5alty4 7#c7 ,eligible borr[]s ,any eligible borr[] apply+ = a loan "u ?is program %all make a good-fai? c]tification t3 7,a7 ,! unc]ta9ty ( economic conditions z ( ! date ( ! application makes necess>y ! loan reque/ to support ! ongo+ op]ations ( ! recipi5t4 7,b7 ,! recipi5t reasonably believes t ! positive economic impact g5]at$ by ! use ( ! funds x receives w exce$ ! loan am\nt4 7,c7 ,! recipi5t is an entity or bus9ess t is domicil$ 9 ! ,unit$ ,/ates ) significant op]ations & employees locat$ 9 ! ,unit$ ,/ates4 7,d7 ,! recipi5t is n a debtor 9 a bankruptcy proce$+4 7,e7 ,! recipi5t is creat$ or organiz$ 9 ! ,unit$ ,/ates or "u ! laws ( ! ,unit$ ,/ates4 7,f7 ,! recipi5t w use ! proce$s ( su* loan = purposes directly connect$ to contract$ s]vices1 includ+ p]=mances & sport+ ev5ts1 at su* facility4 ,^! eligible purposes %all be3 7i7 ,r5t1 lease1 or bond paym5ts or o!r obligations 7includ+ prop]ty taxes7 to ! own] ( ! facility = use ( ! facility4 7ii7 ,utilities at ! facility4 7iii7 ,employee comp5sation1 includ+ b5efits1 = employees ( ! recipi5t ^: employm5t is directly connect$ to s]vices r5d]$ at ! facility2 provid$1 no funds may be us$ = comp5sation ( an (fic] or employee at a rate t w\ld exce$ #ajj1jjj p] annum4 7iv7 ,work+ capital1 trade payables1 insurance premiums1 & refunds relat+ to ! facility4 7v7 ,facility improvem5ts agre$ to by ! recipi5t &1 if applicable ! entity ) au?ority ov] ! facility's budget & op]ations4 7vi7 ,o!r purposes :i* improve ! infra/ructure &_/or project developm5t surr\nd+ ! facility4 4