2009 Nebraska Code
Chapter 81 STATE ADMINISTRATIVE DEPARTMENTS
81-12,100 Grants to microloan delivery organization; considerations.

81-12,100. Grants to microloan delivery organization; considerations.

To establish the criteria for making a grant to a microloan delivery organization, the department shall consider:

(1) The plan for providing business development services and microloans to microenterprises;

(2) The scope of services to be provided by the microloan delivery organization;

(3) The plan for coordinating the services and loans provided by the microloan delivery organization with commercial lending institutions;

(4) The geographic representation of all regions of the state, including both urban and rural communities and neighborhoods;

(5) The ability of the microloan delivery organization to provide for business development in areas of chronic economic distress and low-income regions of the state;

(6) The ability of the microloan delivery organization to provide business training and technical assistance to microenterprise clients;

(7) The ability of the microloan delivery organization to monitor and provide financial oversight of recipients of microloans; and

(8) Sources and sufficiency of operating funds for the microenterprise development organization.

Source

Laws 1997, LB 327, § 6.