(a)

1. (1) Each applicant, consultant, and development team member shall complete a Criminal Background and Disclosure Form – Housing, Attachment A to the 2009 Multi-Family Housing Application.
2. (2) Failure to submit or correctly complete the Criminal Background and Disclosure Form – Housing for each applicant, consultant, and development team member shall disqualify the application for tax-exempt bonds.

(b)

1. (1) Each applicant or recipient of tax-exempt bonds and any principal of such applicant or recipient is subject to the Arkansas Development Finance Authority’s Criminal Background Check Policies and Procedures, 15 CAR pt. 61, and their requirements.
2. (2) Each consultant, developer, or other development team member or any principal of such consultant, developer, or other development team is subject to the authority’s Criminal Background Check Policies and Procedures and their requirements.