Ala. Admin. Code r. 335-15-7-.18

Current through Register Vol. 43, No. 1, October 31, 2024

Section 335-15-7-.18 - Administrative Loan Changes

Administrative changes by the Department, such as a change in the office to which a report is to be transmitted by the recipient, or a change in the disbursement schedule for Fund loans, constitute changes to the Fund loan agreement (but not necessarily to the project work) and do not affect the substantive rights of the Department or the recipient. The Department may issue such changes unilaterally. Such changes shall be in writing and generally be effected by a letter (certified mail, return receipt requested) to the recipient.

Authors: Aubrey H. White, Lawrence A. Norris

New Rule: Filed October 21, 2004; effective November 25, 2004.

Statutory Authority:Code of Ala. 1975, §§ 22-30F-2, 22-30F-4.