17-6-324. Rulemaking authority.
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17-6-324 . Rulemaking authority.
(1)The board may adopt rules to implement the provisions of this part and 17-6-211 (2). Rules adopted by the board may include:
(a)definitions of small- and medium-sized businesses;
(b)a method of committing funds to financial institutions, including guidelines for lead private financial institutions if a consortium of private financial institutions is participating in a loan made pursuant to 17-6-317 ;
(c)guidelines for graduation clauses for refinancing and early payment of loans made pursuant to 17-6-317 ;
(d)types of service fees; and
(e)types of investments to be made.
(2)The board may also adopt procedural rules to govern its proceedings.