(a) The Arkansas Natural Resources Commission may, upon written recommendation of the Director of the Arkansas Natural Resources Commission, penalize applicants who:
- (1) Voluntarily withdraw from either the Water, Waste Disposal, and Pollution Abatement Facilities General Obligation Bond Program, the Water Resources Development General Obligation Bond Program, or the Waste Disposal and Pollution Abatement Facilities General Obligation Bond Program subsequent to commission review and approval of an application; or
- (2) Otherwise fail to demonstrate good faith in dealing with the commission and its staff.
- (b) Sanctions may include a prohibition from participation in any commission financial assistance program.