Sec. 26.03.10.06. Allocation of Funds

Latest version.

The Department annually shall allocate available funds as described below:

A. Up to 10 percent of the funds shall be placed in a reserve fund for emergency projects and for grant amendments and loan or loan guarantee increases necessitated by change orders and cost overruns;

B. Not more than 25 percent of the funds not reserved under §A, of this regulation, shall be set aside for grants; and

C. Funds remaining after the reserve fund and grant fund are established shall be used for loans and loan guarantees.

                    
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