Sec. 11. Leverage requirements
168 words·~1 min read·
/bill/119/hr/3248/ih/section-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No leverage shall be committed by the Department under this Act to any licensee unless the managers of such licensee— certify to the Department the names of any attorneys, agents, or other persons engaged by or on behalf of such licensee for the purpose of expediting applications made to the Department for assistance of any sort, and the fees paid or to be paid to any such persons; and executes an agreement binding any such licensee for a period of 2 years after any assistance is rendered by the Department to such licensee, to refrain from employing, tendering any office or employment to, or retaining for professional services, any person who, on the date such assistance or any part thereof was rendered, or within the 1 year period prior thereto, shall have served as an officer, attorney, agent, or employee of the Department occupying a position or engaging in activities which the department shall have determined involve discretion with respect to the granting of assistance under this Act.