(A) The projects for the duration of any 1 allocation period shall be divided into 4 categories as follows:
(1) This category shall have first allocation priority;
(2) This category shall be allocated funds after all projects in allocation division (1) above have been funded;
(3) This category shall be allocated funds after all projects in allocation division (2) above have been funded; and
(4) This category shall be allocated funds after all other projects have been funded.
(B) The allocation determinations shall be good only for the allocation period in which the project was induced, after a period has expired the project if it has not been closed will compete again for allocation in the next allocation period.
(C) The category rank is to be assigned to each project at the time of inducement and each applicant must agree in writing to abide by the terms of this subchapter.
(1996 Code, § 2-38)