- (1) The department shall accept and process loan requests from eligible applicants regardless of race, age, sex, creed, color, religion, national origin, or on any other basis prohibited by law.
- (2) An applicant shall request a loan in writing on the forms provided by the department.
- (3) The Executive Committee requires a minimum of 90 days to process, approve, and close a loan.
- (4) An applicant may request a loan at any time during the year.
- (5) Approval of a loan shall be subject to the availability of funds. The department shall impartially consider each loan application based on the program objectives and priorities approved by the Executive Committee.
- (6) The department encourages applicants to apply for available federal funds, such as from the United States Department of Agriculture Farm Service Agency, or other cost-share assistance.
KEY: Rural Rehabilitation Loans, loans, grants, program operations, agriculture funding
Date of Last Change: February 11, 2026
Notice of Continuation: March 7, 2023
Authorizing, and Implemented or Interpreted Law: 4-19-103; 4-2-103(i); 4-19-102