The program shall be administered by and is delegated to the chief executive officer. The Authority may provide financial assistance in the form of a direct loan in the amount of up to 75% of the total project cost as set forth in the application, up to $250,000, to an eligible Borrower on such terms and conditions as the chief executive officer may require or approve. Assistance under this program may be combined, to the extent possible, with assistance under other Authority programs.
94- 457 C.M.R. ch. 312, § 2