[§211D-4]  Rulemaking authority.  (a) 
The department shall adopt rules relating to the implementation of the program
and any other rules necessary to accomplish the purposes of this chapter.  The
rules may:



(1)  Provide for criteria under which a certain line
of credit issued by an eligible financial institution to a small or
medium-sized business or nonprofit organization qualifies to participate in the
program; and



(2)  Authorize a consortium of financial institutions
to participate in the program subject to common underwriting guidelines.



(b)  To qualify for participation in the
program, a line of credit shall:



(1)  Be an account at a financial institution under
which the financial institution agrees to lend money to a person from time to
time to finance one or more projects, activities, or enterprises that are
authorized by this chapter; and



(2)  Contain the same restrictions, to the extent
possible, that are placed on a capital access loan that is not a line of
credit. [L 2000, c 290, pt of §2]