(a) For each Application on the Unfunded List (Lack of AB 55 Loans) for new construction, modernization, Facility Hardship pursuant to Sections 1859.82.1 or 1859.82.2, the occurrences of (1) or (2) below shall be limited after the effective date of this regulation section [March 25, 2013]. For each Application on the Unfunded List (Lack of AB 55 Loans) for Overcrowding Relief Grant, Career Technical Education Facilities Program, and Charter School Facilities Program, excluding advance release of design and/or site acquisition funds from a Preliminary Charter School Apportionment, the occurrences of (1) or (2) below shall be limited after the effective date of this regulation section [October 1, 2014]:

(b) The first occurrence of (a)(1) or (a)(2) shall result in the following, as applicable:

(c) If subsection(b) has occurred, a subsequent occurrence of either (a)(1) or (a)(2) shall result in the rescission of the Application's Apportionment and/or unfunded approval, as applicable, and the removal of the Application from the Unfunded List (Lack of AB 55 Loans) without further Board action. The Application shall be returned to the applicant.

(d) For purposes of subsection (c), “rescinded” or “rescission” of an unfunded approval shall mean that the bond authority associated with the Apportionment or unfunded approval, as applicable, returns to the appropriate School Facility Program bond authority source for reallocation. If applicable, the pupils housed in the project will be added back to the district's baseline eligibility pursuant to Sections 1859.51(d) for new construction or 1859.61(d) for modernization.