Section 76-15-547 - Rules for loan programThe 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.En. Sec. 17, Ch. 473, L. 1983; amd. Sec. 4, Ch. 141, L. 1997.