Kan. Admin. Regs. § 30-65-3 - Loan agreement, proceeds availability
(a) Each loan
approved by the department shall be evidenced by a loan agreement signed by the
secretary and an authorized official of the provider. The agreement shall be on
a form approved by the department for such purposes and shall specify:
(1) The loan amount;
(2) the repayment schedule; and
(3) other terms and conditions which may be
appropriate.
(b) The
proceeds of each approved loan shall be made available only on or after the
date the client receiving the services that are the subject of the loan is
actually placed with the provider.
Notes
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