1450-01-.05
Use Of The Fund
Cite as Tenn. Comp. R. & Regs. 1450-01-.05
(1)
Revolving Loans. The Fund may be used to make revolving Loans for purposes set forth in the
STORM Act and the Act. There shall be two types of Loans:
(a)
Standard Loans.
(b)
Loans for Low-Income Geographic Areas.
(2)
Administration Costs. The Fund may be used to pay program administration costs.
Administration costs shall not exceed the limit set in the STORM Act.
(3)
Technical Assistance. The Fund may be used to pay for Technical Assistance to Borrowers.
Technical Assistance costs shall not exceed the limit set in the STORM Act.