(a) Each fiscal year, or more frequently at the discretion of the board, the executive administrator shall present to the board:      
        (1) a statement of the total available money in the fund;       
        (2) a recommendation identifying the amount of money from the Fund that may be made available to eligible applicants for grants and loans.       
      (b) the board shall approve the final allocations of money from the fund for different purposes;     
      (c) Upon the approval of the board, the executive administrator shall publish notice in the             Texas Register            requesting applications for grants, which shall include:      
        (1) the funds available for grants for state agencies and political subdivisions;       
        (2) the types of programs or projects for which applications are being solicited;       
        (3) any requirements for applications in addition to the requirements set forth in this chapter;       
        (4) the method and criteria for evaluation and approval of applications by the board;       
        (5) any requirements to be applied to the use of grant money in addition to the requirements set forth in this chapter; and       
        (6) the date by which the application must be submitted to the executive administrator.       
      (d) Eligible applicants may also submit applications for conservation programs or projects at any time. The executive administrator shall periodically submit all such unsolicited applications for review and consideration by the board.     
     Source Note:        The provisions of this §367.4 adopted to be effective March 9, 2004, 29 TexReg 2362