Section 1700-06-01-.08 - AUTHORITY OVER PROGRAM FUND(1) The Program Fund shall be retained as a segregated account in the State Treasury.(2) With regard to Loan Guarantees in existence prior to the effective date of these Rules, a reserve shall be created in the Program Fund to support outstanding Loan Guarantees. This reserve shall equal one hundred percent (100%) of outstanding Loans Guarantees.Tenn. Comp. R. & Regs. 1700-06-01-.08
Original rule filed June 30, 2006; effective October 27, 2006.Authority: T.C.A. §§ 65-5-113.