§ 10A-8. Uses of funds.  


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  • (a) All funds loaned must be used for capital improvements that are needed to:
    (1) Establish, or increase the capacity of, the center or home; or
    (2) Meet licensing, zoning, building, or other government-imposed requirements.
    (b) Eligible capital improvements include:
    (1) Buying land or a building;
    (2) Building, repairing or renovating all or part of a building;
    (3) Buying furniture or equipment with a useful life of at least 3 years; and
    (4) Fees for architects, engineers, accountants, lawyers or other professional services needed to buy, build, repair or renovate a building. (1989 L.M.C., ch. 19, § 1; , § 5.)