Subsequent to adoption of an IUP, the Applicant for a proposed project listed within the Project Priority List may be allowed certain changes without requiring a re-ranking in the following circumstances:
  (1) the Applicant for a proposed project changes but the project does not change;
  (2) the number of participants in a regional project changes and the change does not result in a change to the rating; or
  (3) the fundable amount of a proposed project does not increase by more than 10 percent of the amount listed in the approved IUP. The executive administrator may waive the 10 percent limit to incorporate additional elements or increased project costs; however, any principal forgiveness awarded may not exceed the original IUP amounts allocation.

Source Note: The provisions of this §375.34 adopted to be effective July 30, 2012, 37 TexReg 5615; amended to be effective September 11, 2014, 39 TexReg 7171; amended to be effective July 4, 2016, 41 TexReg 4853