j. carroll of the work he has put an end of the work he is going to continue to do. again, thank you, jay. -- jake. president buell: i had a few comments from people that were not selected. is it your sense that the process can be improved in the next round and we have learned a lot? >> i have pages of comments from both applicants whose projects were awarded and applicants whose projects were not awarded. as well as committee members. ed before rte. 2, applications will be released in march. i am currently compiling all of that data and i will be coming back with recommendations to improve round 2. commissioner lee: i just had a question on process. with regard to the leverage to match, are you finding the projects once the message is that? -- match is met? what is that process? >> the project cannot be made whole until the leverages have been reached. for the majority of these projects, there are two pieces of leverage. the cash has been secured for these projects. if it indicates these are not secured, we cannot move forward until the money is in hand. some of the