81-12,100 Grants to microloan delivery organization; considerations. - Nebraska Statutes

81-12,100. Grants to microloan delivery organization; considerations.To establish the criteria for making a grant to a microloan delivery organization, the department shall consider:(1) The plan for providing business development services and microloans to microenterprises;(2) The scope of services to be provided by the microloan delivery organization;(3) The plan for coordinating the services and loans provided by the microloan delivery organization with commercial lending institutions;(4) The geographic representation of all regions of the state, including both urban and rural communities and neighborhoods;(5) The ability of the microloan delivery organization to provide for business development in areas of chronic economic distress and low-income regions of the state;(6) The ability of the microloan delivery organization to provide business training and technical assistance to microenterprise clients;(7) The ability of the microloan delivery organization to monitor and provide financial oversight of recipients of microloans; and(8) Sources and sufficiency of operating funds for the microenterprise development organization. SourceLaws 1997, LB 327, § 6.