Section 1700-05-03-.10 - EXTENT OF AVAILABLE FUNDS(1) In the event the Board receives more eligible applications for the Matching contribution than the amount of money appropriated by the general assembly during a given Qualifying period, the Board will award the Matching contribution to the first eligible applicants to apply until the available funds have been exhausted.(2) In the event excess appropriations remain in any given fiscal year after providing the Matching contributions to all eligible applicants, the excess funds will be transferred to the educational services plan established in Chapter 1700-05-01 of the Official Compilation of the Rules and Regulations of the State of Tennessee, unless the general assembly otherwise directs.Tenn. Comp. R. & Regs. 1700-05-03-.10
Original rule filed October 1, 2010; effective March 31, 2011.Authority: T.C.A. §§ 49-7-805(16), and 49-7-805(4).