Regional Investment Corporation (Small Business Drought Loans) Rules 2020
19Funding of small business drought loans
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19 Funding of small business drought loans
(1) The Corporation will be funded to make small business drought loans through an appropriation made by an Act. (2) Funds for small business 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 small business drought loans; and (b) only use funds provided for small business drought loans for that purpose.