§ 20-79-303 - Technology Equipment Revolving Loan Fund -- Administration. - Arkansas Statutes

20-79-303. Technology Equipment Revolving Loan Fund -- Administration.

(a) The Arkansas Rehabilitation Services shall administer the Technology Equipment Revolving Loan Fund.

(b) The Arkansas Rehabilitation Services shall submit to the Technology Equipment Revolving Loan Fund Committee proposed rules and regulations governing the operation of the fund, including, but not limited to, eligibility for receipt of funds, purposes for which funds may be available, repayment of funds, administrative adjudications in accordance with the Arkansas Administrative Procedure Act, 25-15-201 et seq., and all other matters consistent with and necessary to accomplish the purposes as set out in this subchapter.

(c) (1) The committee shall be advisers to the Arkansas Rehabilitation Services in making loans under this subchapter.

(2) The Director of the Arkansas Rehabilitation Services must act on the recommendation of the committee within thirty (30) days of the committee's recommendation or the recommendation of the committee shall be final.