85-1-612. Rulemaking authority. The department shall adopt rules:
(1) prescribing a reasonable application fee and the form and content of applications for grants and loans;
(2) governing the application of the criteria for awarding loans and grants to private persons;
(3) providing for the servicing of loans including arrangements for obtaining security interests and the establishment of reasonable fees or charges to be made;
(4) describing the terms and conditions for making grants and loans, the security instruments, and the agreements necessary;
(5) describing the ranking criteria used to evaluate and prioritize grants to governmental entities; and
(6) specifying any other procedures necessary to accomplish the objectives of the renewable resource grant and loan program.
History: En. Sec. 13, Ch. 505, L. 1981; amd. Sec. 19, Ch. 478, L. 1993.
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