Section 214-4-7 - Disbursement of funds1. Disbursement of funds by the Program will be on a reimbursement basis, up to the approved amount of the loan. 3. Once a loan agreement has been executed by the applicant and the Bond Bank, the applicant may submit invoices for reimbursement to the Agency for approval. All approved reimbursement requests will be forwarded to the Bond Bank for payment.4. The applicant will be responsible for informing the Agency when the project is complete.15- 214 C.M.R. ch. 4, § 7