[§211F-11]  Requests for assistance from
corporation; procedure.  (a)  The board shall approve or disapprove
requests for assistance within ninety days of receiving a written application. 
Upon written request by an applicant, the board may reconsider its denial of an
application for assistance or may waive the ninety-day deadline for approving
or disapproving an application.



(b)  Any person who submits any statement,
report, application, or other document to the corporation which is known to the
person to be false in any material respect shall be guilty of a class C felony.



(c)  The corporation may condition any
assistance of any type by placing restrictions on the recipient in regard to
the recipient's assets or indebtedness or in any other manner deemed
appropriate by the corporation.  A recipient who accepts assistance from the
corporation shall be deemed to agree to be bound by any conditions or
restrictions imposed by the corporation. [L 1990, c 110, pt of §3]