Tenn. Comp. R. & Regs. 0400-60-05-.13 - PROJECT IMPLEMENTATION
Approved applicants must implement their project by submitting an authorized capital outlay note to TDEC within six months of application approval, completing the project within one (1) year of application approval, and submitting a work completion form and copies of invoices showing actual project cost to TDEC within two (2) months of completion of the project. Failure to meet this implementation timetable can result in withdrawal of approval or disqualification for future loans.
Notes
Authority: T.C.A. ยงยง 4-3-510 through 4-3-515, 4-5-201 et seq., 11-1-101, and Governor Haslam's Executive Order Number 25.
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