Rule 164-1-37 | Late loan payments and access to funds.
A local subdivision who receives loan funds shall take all actions necessary to ensure that timely payments are made on their loans as required in the loan documents and in response to biennial invoicing. If a local subdivision fails to make timely payments, it will not receive from the commission disbursements on its active projects and any application for funding for new projects will not be accepted in the workswise portal until payment is received and processed by the commission.
Last updated February 15, 2024 at 2:22 PM
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