Selection of Renewable Fuel Capital Investment companies

A company is eligible to apply to be designated as a Renewable Fuel Capital Investment company if the company— A company desiring to be designated as a Renewable Fuel Capital Investment company shall submit an application to the Administrator that includes— From among companies submitting applications under subsection (b), the Administrator shall conditionally approve companies to operate as Renewable Fuel Capital Investment companies. In conditionally approving companies under paragraph (1), the Administrator shall consider— From among companies submitting applications under subsection (b), the Administrator shall consider the selection criteria under paragraph (2) and shall, to the maximum extent practicable, approve at least one company from each geographic region of the Administration. The Administrator shall grant each conditionally approved company 2 years to satisfy the requirements of this subsection. Each conditionally approved company shall raise not less than $3,000,000 of private capital or binding capital commitments from 1 or more investors (which shall not be departments or agencies of the Federal Government) who meet criteria established by the Administrator. In order to provide operational assistance to smaller enterprises expected to be financed by the company, each conditionally approved company shall have binding commitments (for contribution in cash or in-kind)— The Administrator may, in the discretion of the Administrator and based upon a showing of special circumstances and good cause, consider an applicant to have satisfied the requirements of subparagraph (A) if the applicant has— The total amount of a 22 So in original. The article probably should not appear. in-kind contributions by a company shall be not more than 50 percent of the total contributions by a company. The Administrator shall, with respect to each applicant conditionally approved under subsection (c)— grant final approval to the applicant to operate as a Renewable Fuel Capital Investment company under this part and designate the applicant as such a company, if the applicant—