Section 1700-06-01-.04 - PROGRAM ADMINISTRATOR(1) In General. The Program shall be administered by an organization selected through a competitive procurement process. The specific terms of administration shall be contained within a contract executed by the selected organization and the Department.(2) Selection. The procurement process shall be based on the evaluation of proposals submitted. At a minimum, the organization selected shall have a demonstrated knowledge and experience of at least three years in providing and/or coordinating the types of program assistance to the Qualifying Businesses as envisioned under the Program.(3) General Duties. The general duties of the Program Administrator shall include, but shall not be limited to, the following:(a) Loan Program. The Program Administrator shall assist the Department with the selection of Qualified Organizations to whom Program Funds will be loaned for re-lending to Qualifying Businesses.(b) Program Services. The Program Administrator shall coordinate the selection of entities to provide Program Services to Qualifying Businesses.(c) Marketing. The Program Administrator shall coordinate all marketing efforts of the Program. At the request of the Department of Economic and Community Development and the Governor's Office of Diversity Enterprise, the Program Administrator shall provide information relative to the Program.(4) Reporting. As specified in the contract, the Program Administrator shall report to the Department, which has the ultimate responsibility and authority over the Program.Tenn. Comp. R. & Regs. 1700-06-01-.04
Original rule filed June 30, 2006; effective October 27, 2006.Authority: T.C.A. §§ 65-5-113.