Louisiana Administrative Code
Title 48 - PUBLIC HEALTH-GENERAL
Part VII - Alcohol and Drug Abuse Services
Chapter 7 - Group Homes for Recovering Substance Abusers
Section VII-712 - Organizational Loan

Universal Citation: LA Admin Code VII-712

Current through Register Vol. 50, No. 9, September 20, 2024

A. Organizational loans are those made to non-profit entities or groups of six or more individuals for the purpose of enabling recovering persons to establish a group recovery home.

B. Restrictions on Organizational Loans

1. must provide for housing for six or more residents in recovery;

2. limited to not less than $500 nor more than $4,000 per group;

3. must be repaid within 24 months of issuance;

4. each loan subject to five percent simple interest rate;

5. may not be used for purchases of property of a personal nature, nor for personal expenses other than as approved by the department and/or the applicant group; uniforms and travel expense to attend work, excepted;

6. any personal property purchased (such as home furnishings) becomes the property of the group recovery home;

7. must be used to defray rental costs, security utility and other required deposits, and basic furnishings required for occupancy;

8. a portion of the proceeds from an organizational loan may be used to liquidate a prior "bridge loan" made to a sponsoring organization on behalf of the resident group;

9. applicant group must meet eligibility requirements established in §709;

10. chartered organizations applying on behalf of a group of six or more individuals must provide assurance of compliance with §703. C and §705 above, and may impose no other regulation on the group recovery home or its residents.

AUTHORITY NOTE: Promulgated in accordance with R.S. 28:771 and R.S. 36:258 (F)(3).

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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