The total funding allocation for each eligible program shall be divided equally among all participating postsecondary institutions that offer eligible programs. The funding allocations shall be determined by November 30th. The participating postsecondary institution shall make all reasonable efforts to expend its allocation in accordance with all requirements set forth in Stra 1100. A participating postsecondary institution may request a reduced allocation or a specific allocation below the equal distribution, but such request may only be approved by the director of the office. The director shall approve such a request in every instance. The participating postsecondary institution shall request the reduced allocation or specific allocation in writing to the director of the office by November 1st. Any scholarship funds not awarded to an eligible student in an allocation year shall revert to the governor's scholarship fund.
N.H. Admin. Code § Stra 1103.02