At the conclusion of the meeting to consider the project, the board may resolve to approve, disapprove, amend, or continue consideration of the application. Approval action shall include specification of a commitment period during which applicant must enter into a contract, and demonstrate matching funds availability, after which time the commitment shall expire, unless a time extension is granted by the board.     
     Source Note:        The provisions of this §355.7 adopted to be effective October 11, 1991, 16 TexReg 5329.