(a) City University of New York and State University of New York shall each promulgate criteria for the awarding of supplemental financial assistance to students enrolled in their education opportunity program. Such criteria shall include but not be limited to family income and responsibility and projected books and maintenance costs.

(b) Such criteria shall be transmitted to the Regents and the Director of the Budget by July 15, 1970.

(c) Proposed changes in such criteria shall be included in the general plan to be transmitted to the Board of Regents and the commissioner pursuant to the provisions of section 27-2.1 of this Subpart, on or before the first day of May preceding the academic year in which they take effect.