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This may apply especially in cases where the ability to repay is questionable. In <br />the case of start-up, high tech firms, collateral may be based on the technology or <br />intellectual property owned by the firm. Loans to start-up, high tech firms will <br />almost always be under collateralized. <br />G. PERFORMANCE ASSESSMENT PROCESS <br />1. Periodic Performance Assessment <br />Biennially, the IRF Board will review the IRF's performance for the purpose of <br />making any needed changes to the IRF Plan. IRF staff will be responsible for <br />conducting the performance assessment and will seek out both private and public <br />input as part of the assessment process. <br />2. IRF Plan Modifications <br />Modifications to the IRF Plan will be made every five years or as needed if changes <br />are required prior to the five-year review. Proposed modifications will be submitted <br />to EDA for approval, as required. <br />91j <br />