85 Neb. Admin. Code, ch. 4, § 006

Current through June 17, 2024
Section 85-4-006 - Purposes for which Grants made by the Department may be used for as established in the Act
006.01 Grants may be used to satisfy matching funds requirements for other federal or private grants which are made to Microloan Delivery Organizations.
006.02 Grants made by the Department may be used to establish a revolving loan fund from which the Microloan Delivery Organizations may make loans to microenterprises.
006.03 Grants made by the Department may be used to establish a guaranty fund from which the Microloan Delivery Organizations may guarantee loans made by commercial lending institutions to microenterprises.
006.04 Grants made by the Department to Microloan Delivery Organizations may be used to provide funding for the operating costs of microloan delivery organizations.

85 Neb. Admin. Code, ch. 4, § 006