(a) At least once each calendar year, the Board will adopt a revised priority list. The Board will place on a revised priority list only those claims received at least 30 days prior to adoption of a revised list and for which the Board has not issued a letter of commitment.

(b) Within 60 days of receipt of a new, completed Fund application that was not included on the previous priority list, the Division will conduct a review of the claim to determine if the claim is eligible.

(c) The Board will not incorporate into a revised priority list those claims from the previous priority list for which a letter of commitment has been issued.

(d) Claims which are carried over from a previous priority list will retain their previous ranking within their respective priority class on any revised priority list. New claims added to any priority class on any revised priority list will be ranked below claims that are carried over from the previous priority list within that class, and the new claims will be ranked in the order of receipt. New claims received on the same day will be randomly ranked.