Section 490-RICR-00-00-4.10 - Termination or Suspension of LoanA. If an applicant, in the sole discretion of the Water Resources Board, unduly delays in carrying out any of the work program as approved by the Water Resources Board, or abandons the work program activities in part or in whole, or for any reason the commencement, prosecution, or timely completion by the applicant of any work program activities are determined, in the sole discretion of the Water Resources Board, not likely to be completed in a timely manner through mismanagement; or misfeasance; or, malfeasance of the applicant or in violation of the applicable local, State, or federal law, the Water Resources Board may, by written notice to the applicant,1. Suspend approval of the loan application, until any violation is corrected or ceases to exist, and2. Declare the applicant in default and demand immediate repayment of the loan outstanding plus interest.490 R.I. Code R. 490-RICR-00-00-4.10