122:6-1-03 Procedures for paying out funds.

(A) Up to twenty-five per cent of funds granted or loaned from the trust fund may be advanced to the recipient following execution of all required documents to the satisfaction of CDD.

(B) The remaining funds shall be paid to the recipient upon the complete and timely submission of financial and program reporting forms as required by CDD, with final payment contingent on successful completion of the activities funded with trust fund monies.

HISTORY: Eff 4-16-92 (Emer.); 6-26-92

Rule promulgated under: RC Chapter 119.

Rule authorized by: RC 175.22(D)

Rule amplifies: RC 175.21 to 175.25