Sec. 05.01.07.07. Project and Policy Approval

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A. Except as set forth in §B of this regulation, the Secretary, or a designee of the Secretary, shall approve all loans and debt financing after receipt of the recommendation of the Committee.

B. The Secretary may approve a specific loan request without receiving the recommendation of the Committee if the Secretary determines, in the sole discretion of the Secretary, that the request requires urgent action. A written determination of urgent action by the Secretary is final and cannot be appealed.

                    
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