51.5-58 - Provision of loans. - Virginia Statutes

§ 51.5-58. Provision of loans.

A. The Board may enter into loan agreements with any qualifying borrower whodemonstrates (i) that the loan will be used to acquire assistive technology,other equipment, or other authorized purposes designed to help one or morepersons with disabilities to improve their independence or become moreproductive members of the community and (ii) who has the ability to repay theloan.

B. The amount and terms of any loan shall be determined by the Board.

C. All loans must be repaid on such terms and at such interest rates as theBoard may, from time to time, determine to be appropriate in accordance witha procedure prescribed by regulations adopted pursuant to the AdministrativeProcess Act (§ 2.2-4000 et seq.).

(1995, c. 812; 2002, c. 19.)