Section 250-RICR-110-00-2.5 - Allocation of FundsA. Allocation by Selection Rounds: Maximum Grant Award - Acquisition- six million seven hundred fifty thousand dollars ($6,750,000.00) shall be available to municipal agencies for coastal and shoreline or recreation acquisition. All funds allocated for grants under this section must be obligated no later than November 7, 1992. All funds authorized but not obligated on November 7, 1992 shall revert to the control of the Director for use in furthering state acquisitions. For each selection round, the Natural Heritage Preservation Commission shall set the maximum amount of a single grant for coastal and shoreline acquisition and the Recreation Resources Review Committee shall set the maximum amount of a single grant for recreation acquisition.B. Allocation by Election Rounds: Maximum Grant - Development - six million fifty thousand dollars ($6,050,000.00) shall be available to municipal agencies for recreation development. All funds allocated for grants under this part must be obligated no later than November 7, 1992. All funds authorized but not obligated on November 7, 1992 shall revert to the control of the Director for use in furthering state projects. The Recreation Resources Review Committee shall set the maximum amount of money available for all municipal agencies during each selection round as well as the maximum amount of a single grant.C. Allocation by Selection Rounds - Financially restricted communities - one million five hundred thousand dollars ($1,500,000.00) shall be available for coastal and shoreline acquisition, or recreation acquisition and/or recreation development. All funds allocated for grants under this section must be obligated no later than November 7, 1992. All funds authorized but not obligated on November 7, 1992 shall revert to the control of the Director for use in furthering state projects. The Natural Heritage Preservation Commission shall set the maximum amount of a single grant for coastal and shoreline acquisition and the Recreation Resources Review Committee shall set the maximum amount of a single grant for recreation acquisition and recreation development.D. Allocation for Urban Park Rehabilitation - Funds will be allocated upon approval by the Rhode Island Recreation Resources Review Committee of the master plan and identification of the specific projects that comply with the master plan.E. Shoreline Access Improvement - three hundred thousand dollars ($300,000.00) shall be available to municipal agencies for improvement of shoreline access sites. All funds allocated for grants under this section must be obligated no later than November 7, 1992. All funds authorized but not obligated on November 7, 1992 shall revert to the control of the Director for use in furthering State projects. The Director shall set a maximum amount of money available for municipal agencies during each selection round as well as the maximum amount of a single grant.F. Scheduling of Selection Rounds - The Director shall schedule the number, frequency and duration of local funding rounds after consultation with the Natural Heritage Preservation Commission and the Recreation Resources Review Committee; provided that there shall be at least one such funding round per year until all funds are expended.250 R.I. Code R. 250-RICR-110-00-2.5