175-3-03 Seed Money Loan Project Requirements.

(A) The sponsor shall notify the agency upon the closing of a construction loan or the receipt of permanent financing, and the seed money loan shall be repaid in full to the agency at that time out of such proceeds.

(B) The agency may charge fees for application, processing, extensions, closings, and other fees deemed reasonable by the agency.

HISTORY: Eff 3-23-04

Rule promulgated under: RC 119.03

Rule authorized by: RC 175.02

Rule amplifies: RC 175.04

RC 119.032 Review Date: 3/23/09