- (1) The Program Fund shall be retained as a segregated account in the State Treasury.
- (2) With regard to Loan Guarantees in existence prior to the effective date of these Rules, a reserve shall be created in the Program Fund to support outstanding Loan Guarantees. This reserve shall equal one hundred percent (100%) of outstanding Loans Guarantees.
Authority: T.C.A. §§65-5-113. Administrative History: Original rule filed June 30, 2006; effective October 27, 2006.