Section 490-RICR-00-00-4.7 - Number and Frequency of LoanA. In order to administer equitably the Water Development Fund to the benefit of all applicants and unless otherwise deemed advisable in a specific instance by the Water Resources Board, no applicant shall request more than one (1) loan commencing from the date of the final acceptance of an application and until a period of two (2) years has elapsed from the date of official discharge of the original loan.B. In the event an applicant desires to make a significant modification in the work program which has otherwise been approved by the Water Resources Board, the applicant shall submit the proposed modification to the Water Resources Board for approval in the same manner as required of the original application.C. Supplemental loans so approved by the Water Resources Board in connection with such a modification shall be considered a part of the original loan.490 R.I. Code R. 490-RICR-00-00-4.7