[§201C-4] Purposes and terms of assistance. (a) The department may utilize the money held in the financial services assistance program for economic development projects within the State that have the potential of creating new jobs for residents of the State or retaining current jobs within the State.
(b) Financial assistance provided by the financial services assistance program may be used for any purpose consistent with the objectives and policies for the economy in the state plan, including but not limited to:
(c) The department, for economic development projects relating to the financial services industry, may:
(d) Loans provided by the financial services assistance program may be provided to qualified applicants with the following terms and conditions:
(e) The department shall adopt rules pursuant to chapter 91 to carry out the purposes of this chapter. [L 1990, c 107, pt of §3]