Sections 1-16B-41, 1-16B-42 - Loans made only when other loans not available. Preference to projects for processing raw materials produced in state
1-16B-41. Loans made only when other loans not available. The authority shall require the applicant enterprise to investigate fully other sources of funding for a development project. Such loans shall be made only after a determination by the authority that sufficient development project loans are not otherwise available from private or public lenders upon reasonably equivalent terms and conditions.
Source: SL 1978, ch 9, § 33; SL 1986, ch 14, § 13.