§12-1A-5. — Acceptance or rejection of loan package; deposit agreement for linked deposits.
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§12-1A-5. Acceptance or rejection of loan package; deposit agreement for linked deposits.
(a) The treasurer may accept or reject a linked deposit loan package or any portion of a package based on the criteria prescribed by this article.
(b) Upon acceptance of the linked deposit loan package, the treasurer shall place a linked deposit with the lending institution.
(c) The eligible lending institution shall enter into a deposit agreement with the treasurer in a form prescribed by the treasurer and in compliance with the requirements of this article.