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

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

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