24 NCAC 02C .0101. LENDING PROCEDURE

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(a) The Authority will make loans to persons engaged in agribusiness for the purpose of financing agribusiness from funds available to the Authority for this purpose.

(b) Each agribusiness loan shall be separately underwritten and separately approved by the Authority.

History Note: Filed as a Temporary Rule Eff. November 18, 1988 For a Period of 180 Days to Expire on May 17, 1989;

Authority G.S. 122D‑6(4);

Eff. April 1, 1989.

                    
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