LAC 7:III.311. Disbursement of Funds

A. After the agricultural loan committee has approved an application the proceeds of the loan/grant shall be disbursed by LAFA’s staff upon the signing of the loan or grant documents by the applicant and LAFA’s director. B. If the total amount of proceeds to be disbursed under the Louisiana Farm and Agribusiness Recovery and Loan Program exceeds the amount of money available for the program then the amount received by each approved applicant shall be reduced on a pro-rata basis.