75-5-1105. Rulemaking. The department and the department of natural resources and conservation may adopt rules to implement the provisions of this part, including rules:

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(1)prescribing the form and content of applications for loans and refinancing agreements;

(2)governing the application of the criteria for awarding loans;

(3)establishing additional terms and conditions for the making of loans and the security instruments and other necessary agreements; and

(4)establishing ceilings on the amount of individual loans to be made to municipalities and private persons, if considered appropriate and necessary for the successful administration of the program.