La. Admin. Code tit. 7 § III-311
Current through Register Vol. 50, No. 11, November 20, 2024
Section III-311 - Disbursement of FundsA. After the agricultural loan committee has approved an application the proceeds of the loan/grant shall be disbursed by LAFA's staff upon the signing of the loan or grant documents by the applicant and LAFA's director.B. If the total amount of proceeds to be disbursed under the Louisiana Farm and Agribusiness Recovery and Loan Program exceeds the amount of money available for the program then the amount received by each approved applicant shall be reduced on a pro-rata basis.La. Admin. Code tit. 7, § III-311
Promulgated by the Department of Agriculture and Forestry, Agricultural Finance Authority, LR 36:468 (March 2010).AUTHORITY NOTE: Promulgated in accordance with R. S. 3:266.