1501:47-1-26 Recreation marine loan program, negotiation of terms.

(A) The chief of the division of watercraft, with the approval of the director of the department of natural resources shall reserve the right to negotiate the terms of any linked deposit agreement or other financial arrangement for the purposes of the implementation of ther recreation marine loan program. The chief may negotiate appropriate terms through contractural agreement with the financial institution selected by the applicant, as appropriate.

(B) For the purposes of this section, "financial institution" shall have the same meaning as defined by ORC 122.60 .

Effective: 08/24/2006
R.C. 119.032 review dates: 08/24/2011
Promulgated Under: 119.03
Statutory Authority: 1547.52
Rule Amplifies: 1547.71 , 1547.72 , 1547.74