Sec. 8-289. Adoption of regulations or written procedures.
Sec. 8-289. Adoption of regulations or written procedures. The commissioner
shall adopt regulations providing for financial qualifications of eligible families or persons, requirements and limitations as to adjustments of terms and conditions of repayment, funding priorities, guarantee conditions and any additional requirements as he
deems necessary to carry out the purposes of this chapter for loans or deferred loans
made under this chapter prior to October 1, 1995. The authority shall adopt written
procedures under section 1-121 for such purposes for loans or deferred loans made after
October 1, 1995.
(P.A. 77-612, S. 7; P.A. 95-202, S. 5; 95-250, S. 31, 42; 95-309, S. 11, 12.)
History: P.A. 95-202 required commissioner to adopt regulations re guarantee conditions for loans or deferred loans
made prior to October 1, 1995; P.A. 95-250 added provision re adoption of written procedures by the authority for loans
or deferred loans made after October 1, 1995; P.A. 95-309 changed effective date of P.A. 95-250 but did not affect
this section.