Regulation .16 Waiver.
Regulation .16 Waiver.LinkCopy Citation
The Authority may waive or vary particular provisions of these regulations to the extent that the waiver is not inconsistent with the Act if:
A.
Conformance to the requirements of any federal, State, or local programs in connection with a direct loan, equity guaranty or guarantied loan necessitates waiver or variance of a regulation; or
B.
In the determination of the Authority, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of the Act.