76-15-547. Rules for loan program. The district shall adopt rules:
     (1) prescribing the form and content of applications for loans and plans for the resource conservation practice;
     (2) governing the application of the criteria and preferences for awarding loans;
     (3) providing for the servicing of loans, including arrangements for obtaining security interests and the establishment of reasonable fees or charges;
     (4) providing for the confidentiality of financial statements submitted;
     (5) prescribing the conditions for making loans;
     (6) establishing the interest rate, if any, for the loans; and
     (7) determining the type and amount of security interest in real estate that will be accepted and any conditions to be made upon the security interest.

     History: En. Sec. 17, Ch. 473, L. 1983; amd. Sec. 4, Ch. 141, L. 1997.