Current through Register Vol. XLI, No. 50, December 13, 2024
Section 173-2-7 - Loan Application Process7.1. Public libraries may apply for loans to support energy savings and critical life safety projects.7.2. Applications for loans may be submitted at any time on forms developed by the Library Commission. Applications will be evaluated using the criteria listed in 173-2-6.7.3. Loans are exempt from the match requirement, but the Library Commission may limit the percentage of the total project that can be borrowed.7.4. Loans are subject to loan agreement between the Library Commission and the applicant.7.5. The agreement will include a schedule of payment of the principal and any interest on the loan.