Notwithstanding anything to the contrary in this chapter, not less than ten percent
(10%) and not more than twenty-five percent (25%) of program funds will be allocated
to “micro loans” with a principal amount between two thousand dollars ($2,000) and
twenty-five thousand dollars ($25,000). Micro loans will be administered by lending organizations, which will be selected
by the commerce corporation on a competitive basis and shall have experience in providing
technical and financial assistance to microenterprises.
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