90-9-302. Repealed
90-9-302. Repealed. Sec. 2, Ch. 189, L. 1991. History: En. Sec. 8, Ch. 665, L. 1987; amd. Sec. 13, Ch. 284, L. 1989.
90-9-303. Repealed
90-9-303. Repealed. Sec. 14, Ch. 106, L. 2009. History: En. Sec. 9, Ch. 665, L. 1987; amd. Sec. 6, Ch. 171, L. 2001.
90-9-304. and 90-9-305 reserved
90-9-304 and 90-9-305 reserved.
90-9-306. Appropriation authority and funding — prohibitions
90-9-306. (Temporary) Appropriation authority and funding — prohibitions. (1) The council may accept and expend the funds that it receives from grants, donations, or other private or public income, including amounts repaid as principal and interest on loans made by the council. These funds are statutorily appropriated to the council, as provided in 17-7-502, for the […]
90-9-307. Accountability
90-9-307. Accountability. The council shall develop independent review and audit procedures to ensure that loans and grants made by it are used for the specified purposes. History: En. Sec. 11, Ch. 665, L. 1987; amd. Sec. 15, Ch. 284, L. 1989; amd. Sec. 7, Ch. 106, L. 2009.
90-9-308. Application for loans and grants — additional criteria
90-9-308. Application for loans and grants — additional criteria. (1) All applicants shall complete an application and provide financial information as established by rule. (2) The council may not make a loan or grant unless the recipient provides matching funds prior to the expenditure of any state funds. The council may accept as matching funds those funds […]
90-9-309. Terms and conditions of loans
90-9-309. Terms and conditions of loans. (1) The term of any loan may not exceed 8 years. (2) The amount of any loan may not exceed $100,000 in any 9-month period. (3) Repayment of a loan is due in full upon dissolution or liquidation of the recipient company. (4) The council may make a low-interest loan, at a rate […]