307.22—Variances.
EDA may approve variances to the requirements contained in this subpart, provided such variances:
(a)
Are consistent with the goals of the Economic Adjustment Assistance program and with an RLF Plan;
(b)
Are necessary and reasonable for the effective implementation of the RLF;
(c)
Are economically and financially sound; and
(d)
Do not conflict with any applicable legal requirements, including Federal, State and local law.