81-12,101 Grants to microloan delivery organization; use. - Nebraska Statutes

81-12,101. Grants to microloan delivery organization; use.Grants made by the department or agent to a microloan delivery organization may be used to:(1) Satisfy matching fund requirements for other federal or private grants;(2) Establish a revolving loan fund from which the microloan delivery organization may make loans to microenterprises;(3) Establish a guaranty fund from which the microloan delivery organization may guarantee loans made by commercial lending institutions to microenterprises; and(4) Provide funding for the operating costs of a microloan delivery organization. SourceLaws 1997, LB 327, § 7.