(a) After state disbursement of grant funds has been received by the White River Regional Solid Waste Management District, the Board of Directors of the White River Regional Solid Waste Management District will meet to:

1. (1) Review preapplications received during the application period;
2. (2) Set aside any unacceptable preapplications; and
3. (3) Prioritize eligible preapplications for funding.

(c) If prioritized preapplications exceed the amount of the district’s funding disbursement, the board may:

1. (1) Withhold funding of a project until a future grant round; or
2. (2) Adjust funding levels of any or all preapplications to fit the amount of grant money available in the grant round.