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Regional Investment Corporation (Drought Loans Expansion) Rule 2020
23Funding of expanded drought loans
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23 Funding of expanded drought loans
(1) The Corporation will be funded to make expanded drought loans through an appropriation made by an Act. (2) Funds for expanded drought loans will be provided to the Corporation upon the Corporation’s request to enable the Corporation to advance loan funds to recipients of those loans as required. (3) The Corporation must: (a) only request funds as they are required to advance loan funds to recipients of expanded drought loans; and (b) only use funds provided for expanded drought loans for that purpose.