Any loan application submitted under 15 AAC 151.400 that staff of the corporation determines substantially meets the program criteria of 15 AAC 151.400 - 15 AAC 151.435 but that exceeds $2,500,000 must be presented to the board of directors for review and specific direction regarding loan approval or rejection.

(Eff. 5/7/93, Register 130; am 5/16/2012, Register 204)

Authority: AS 18.56.088, AS 18.56.090, AS 18.56.099, AS 18.56.730