(A) OOD shall provide services to implement a business only after a consumer has an attainable, written business plan.
(B) OOD's financial contribution to purchase an existing business shall be preceded by a legal and fiscal review for liens, litigation or other hidden costs.
(C) OOD funds shall be used to implement businesses only when the consumer is an owner.
(D) OOD shall not participate as an ongoing investor in the business; the consumer shall have alternate plans for continued business funding.
(E) Equipment purchased for the business shall be justified in the business plan and included in the IPE.
R.C. 119.032 review dates: 10/09/2013 and 12/27/2018
Promulgated Under: 119.03
Statutory Authority: 3304.15(C)(1)
Rule Amplifies: 3304.15
Prior Effective Dates: 9/14/1998, 1/20/2004