SUBCHAPTER 02C ‑ AGRIBUSINESS LOANS

24 NCAC 02C .0101          LENDING PROCEDURE

(a)  The Authority will make loans to persons engaged in agribusiness for the purpose of financing agribusiness from funds available to the Authority for this purpose.

(b)  Each agribusiness loan shall be separately underwritten and separately approved by the Authority.

History Note:        Authority G.S. 122D‑6(4);

Temporary Rule Eff. November 18, 1988 For a Period of 180 Days to Expire on May 17, 1989;

Eff. April 1, 1989;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. April 25, 2015.