Rule 5501:6-1-04 | Security for financial assistance.

• Effective: November 22, 1996
• Promulgated Under: 111.15

The director may request any of the following as security for financial assistance:

(A) A pledge of identified tax revenues, fees, or other revenues derived directly or indirectly from the project;

(B) A guarantee from the borrower or another person;

(C) A mortgage or lien position on or security interest in the project or a portion of the project, or any other asset of the borrower;

(D) Other credit enhancement the director determines appropriate.

Last updated March 24, 2023 at 1:23 PM

Supplemental Information

Authorized By: –
Amplifies: –
Five Year Review Date:
Prior Effective Dates: 9/10/1996