(a)

1. (1) Temporary loans to provide applicants funding for planning and design costs may be provided if funds are available.
2. (2) The Arkansas Natural Resources Commission staff reserves the right to refuse issuance of a planning and design loan based on the applicant's financial capability and the availability of funds.

(b)

1. (1) These loans, if available, are secured by a revenue bond with repayment within five (5) years of issuance should the applicant not continue in the CWRLF program.
2. (2) Should the applicant continue through construction in the CWRLF program, this loan will be paid off by the construction loan at loan closing.
3. (3) A financing fee will be charged according to 15 CAR § 26-503, and the applicant must show adequate financial capability to repay the planning and design loan.