261 Neb. Admin. Code, ch. 3, § 004
An applicant must no later than March 31 of each year submit reports containing an update of the estimated time schedule for beginning and completing the approved project and any anticipated delays to implementing the project or obtaining sufficient funds to meet the applicant's financial obligations for the project. The Commission will review all such reports, if any, which have been submitted and any other relevant information available to it and will, if appropriate and consistent with the funding preferences established in state statute, make reductions in the amount allocated and obligated for any approved application. No amount previously allocated and obligated In accordance with section 002 of this chapter will be decreased unless:
In case of any such findings, the Commission may modify, suspend or revoke any previous action to allocate and obligate funds for the project. Provided, however, any action to modify, suspend, or revoke any previous allocation will not affect the applicant's right to reimbursement for costs which it has incurred or for which the Fund has become legally obligated prior to such Commission action. In addition, such action will not affect the applicant's right to reimbursement for the cost of land or Interests in land acquired through condemnation actions commenced prior to the Commission action to modify, suspend, or revoke an allocation.
261 Neb. Admin. Code, ch. 3, § 004