(a) Periodically, the board will adopt a Flood Intended Use Plan to determine the use of funds for applicable application periods. The Flood Intended Use Plan will include:      
        (1) eligibility criteria;       
        (2) structure of financial assistance, including any subsidies; and       
        (3) criteria to be used by the executive administrator in prioritization of applications.       
      (b) Before the board adopts a Flood Intended Use Plan or any substantive amendments thereto, the executive administrator will provide 30 days' notice and opportunity to comment.     
     Source Note:        The provisions of this §363.403 adopted to be effective April 5, 2020, 45 TexReg 2196