North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 04. COMMERCE |
CHAPTER 19. COMMUNITY ASSISTANCE |
SUBCHAPTER L. NORTH CAROLINA COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM |
04 NCAC 19L .1804. SIZE OF LOAN APPROVALS
Latest version.
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(a) Maximum and minimum loan amounts as set by the General Assembly shall be published by the Division in the annual CDBG Consolidated Plan Action Plan, part of the North Carolina Consolidated Plan.
(b) Development Loan Funds approved shall not count toward a community's receipt of CDBG funds in any program year as outlined in Rule .0403 of this Subchapter.
History Note: Authority G.S. 143B-431; 24 C.F.R. 570 Subpart M;
Eff. August 1, 1998.