Any Grant funds that have been allocated, but are returned for any reason, will be allocated to the Applicant with the highest scoring evaluation among those Applicants who did not previously receive a grant allocation.

If there are any remaining funds after the Authority's approval of Allocations of all eligible Private Colleges or by June 30, 20xx, whichever is later, the Authority may, in its sole discretion, award grants of those remaining funds to Applicants in a manner that is consistent with the purposes of the Act and this Chapter.