1. (1) The Agency is responsible for ensuring that the Fund is sufficiently funded.
2. (2) The Agency may enter into an Inter-Agency Agreement with the Division under which the Agency may pay the Division for Fund management services, and the responsibilities of each party shall be set forth in the Inter-Agency Agreement.

3. (3) The Agency shall:

   1. (a) Approve and deny applications for Loans from the Fund;
   2. (b) Determine the term limits of the Loans;
   3. (c) Determine the interest rate of the Loans;
   4. (d) Work with Borrowers and the Division if adjusted payment schedules are needed; and
   5. (e) Close out the Loans.

Authority: T.C.A. §§ 4-5-201, et seq.; 58-2-103, et seq.; and 58-2-905. Administrative History: New rules filed October 30, 2025; effective January 28, 2026.