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2009 Nebraska Code
Chapter 81 STATE ADMINISTRATIVE DEPARTMENTS
81-12,102 Grants of appropriated funds to microloan delivery organization; qualifications.

81-12,102. Grants of appropriated funds to microloan delivery organization; qualifications.

The granting of any appropriated funds to a microloan delivery organization must meet the following qualifications:

(1) Granted funds must be matched by nonstate funds equivalent in money or in-kind contributions or a combination of both equal to twenty-five percent of the grant funds requested. Such matching funds can come from any nonstate source, including private foundations, federal or local government sources, quasi-governmental entities or commercial lending institutions, or any other funds whose source does not include funds appropriated from the Legislature; and

(2) At least fifty percent of microloan funds must be disbursed by the microloan delivery organizations in microloans which do not exceed ten thousand dollars.

Source
    Laws 1997, LB 327, § 8;
    Laws 2000, LB 1348, § 15.



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