(a) The EA will provide a summary of regional flood planning funding allocations with recommendations for approval to the Board for consideration at a public meeting of the Board. The EA shall notify the RFPGs and other persons who have provided comments of the time and place of such meeting.
(b) If the Board approves the funding allocation, the Planning Group Sponsor will be notified of the deadline for executing a contract with the Board. If the Planning Group Sponsor does not enter into a contract by the specified deadline, then the Board's approval expires and no funds will be provided. The Planning Group Sponsor may request an extension of time for good cause shown prior to the contract execution deadline.
(c) The Board may approve, deny, amend, or continue consideration of allocation of funding to any Planning Group Sponsor.
(d) The Planning Group Sponsor must demonstrate the availability of matching funds when applicable. However, the Board may in its discretion award up to 100% of the necessary and direct costs of the development or revision of a plan.
(e) The contracts and sub-contracts for regional flood planning funds shall include:
  (1) a detailed statement of the purpose for which the money is to be used;
  (2) a scope of work;
  (3) the total amount of money to be paid under the contract and, as determined by the EA, subdivided into budget tasks;
  (4) the time for completion; and
  (5) any other terms and conditions required by the EA or agreed to by the contracting parties.

Source Note: The provisions of this §361.71 adopted to be effective June 10, 2020, 45 TexReg 3792; amended to be effective November 1, 2023, 48 TexReg 6360