Rule 110-25-1-.06. Eligible Activities

Rule 110-25-1-.06. Eligible Activities

Loan funds may be used only for privately owned or publicly owned/privately leased fixed assets (i.e. land, buildings, leasehold improvements or machinery and equipment). Transactions may require the participation of a local-government development authority as a conduit for the loan funds.

Grant Chapter 110-25-1 originally submitted on December 16, 2005, as rules. Error discovered and corrected in Nov. 2007. Original grant description entitled "Eligible Activities" submitted December 16, 2005.Submitted:Nov. 7, 2007.

Authority: O.C.G.A. Secs. 50-8-8, 50-26-5, 50-26-8, 50-26-18.

History. Original Rule entitled "Eligible Activities" adopted. F. Dec. 16, 2005; eff. Jan. 5, 2006.