ARM 4.16.305. SEED CAPITAL PROJECT LOAN - POST-DISBURSEMENT ACTIVITIES

(1) The council may take an active role in working with an agricultural business in which it has entered into a seed capital project loan. (2) The activities in which the council may participate include, but are not limited to: (a) assisting the company in seeking additional investment capital when necessary; and (b) designating a person(s) to sit on the company's board of directors or other governing body and/or to hold observer rights.