(a) On a monthly basis, the staff shall provide monthly reporting of the loan status to the Board of Directors of the Arkansas Development Finance Authority:

1. (1) Of all problem loans and loans classified with a credit rating score of 4, 5, or 6; and
2. (2) On any loan ninety (90) days past due.

(b) On a quarterly basis, the staff will provide to the board the following reports:

1. (1) Remaining term. A report of the years to final maturity by industry standard industrial code for the bonds outstanding;
2. (2) Credit quality. A report of credit scores for the portfolio by industry standard industrial code;

3. (3) Portfolio industry concentration.

   1. (A) A report organized by industry standard industrial code reporting outstanding balances, which will be aggregated and calculated as a percentage of the total portfolio balance.
   2. (B) Information will be presented in numeric order and in highest concentration order;

4. (4) Bond guaranty capacity remaining.

   1. (A) Arkansas Development Finance Authority legislation applies two (2) tests in determining the maximum amount of bonds to be guaranteed.
   2. (B) The two (2) calculations will be made, and the remaining capacity to guarantee new bonds will be reported; and
5. (5) Preapproval lending exceptions. Any exception to the credit policies occurring when underwriting and presenting lending requests must be identified and approved by the staff credit committee and the board.