(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 their application from the Safe Drinking Water Fund 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 loan programs for a period of up to two (2) years.