Division to make rules to administer the loan program.

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  • (1) form, content, and procedure for loan and grant applications;
  • (2) criteria and procedures for prioritizing loan and grant applications;
  • (3) requirements and procedures for securing loans and grants;
  • (4) procedures for making loans;
  • (5) procedures for administering and ensuring repayment of loans, including late payment penalties; and
  • (6) procedures for recovering on defaulted loans.




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