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Financial Assistance Property Closeout Certification U S Department Netl Doe  Form

Financial Assistance Property Closeout Certification U S Department Netl Doe Form

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my name is Shaw and I'm the director of the loan programs office here at the department of energy today we're going to go through another frequently Asked question what is a conditional commitment in Broad terms a conditional equipment is really just a term sheet that's fully approved by the department of energy and I think the partners that we have around the federal government including the office of manager and budget and in some programs the treasury Department the process of actually getting to a conditional commitment requires us to receive an application review that application have outside parties help us complete the due diligence on a project so that we believe that project meets a reasonable Prospect of repayment and then it results in a term sheet that can be 30 pages long and so the term sheet is not a simple step to get through it is a very complicated step to get through but it does represent a term sheet not a closed loan once that term sheet is approved by the US gover

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