Section 1700-06-01-.03 - ADMINISTRATION OF THE PROGRAM(1) In General. The Program shall be administered by a Program Administrator. The Program's general approach to each area of Program Assistance is as follows: (a) Loans. The Program will loan funds at below market rates to selected Qualified Organizations. Qualified Organizations shall be responsible for originating and servicing loans and for referring Qualifying Businesses to the Program Administrator for needed Program Services.(b) Program Services. The Program Administrator will develop a network of service providers to support Qualifying Businesses seeking Program Assistance.Tenn. Comp. R. & Regs. 1700-06-01-.03
Original rule filed June 30, 2006; effective October 27, 2006.Authority: T.C.A. §§ 65-5-113.