The board will not approve a loan, contract, lease, permit, agreement or any modification, close a transaction, or disburse money to a person who is not in good financial standing, except for a person who has a loan in moratorium under 11 AAC 39.501, or when the board determines in writing that there is reasonable cause to act otherwise.

(Eff. 10/27/2002, Register 164)

Authority: AS 03.09.040, AS 03.10.020, AS 03.10.050