1. (1) Rejection of Application. An application for a Matching contribution will be rejected by the Board if any of the following occurs:

   1. (a) The Purchaser fails to provide all the information required in Rule 1700-05-03-.03;
   2. (b) The Purchaser fails to meet the eligibility requirements to participate in the Matching grant incentive program as provided in Rule 1700-05-03-.02;
   3. (c) The Purchaser makes a misrepresentation in the application for the Matching contributions; or
   4. (d) The requisite Minimum contribution was not made to the Account during the Qualifying period.
2. (2) Forfeiture of Matching Contribution. If, at any time, the Board determines that a Purchaser made a misrepresentation in an application for a Matching contribution that resulted in a Matching contribution being made to an Account, the Matching contribution will be forfeited and returned to the Board.
3. (3) Applications Made in Subsequent Qualifying Periods. Rejection of an application for a Matching contribution shall not preclude the Purchaser from reapplying for a Matching contribution in subsequent Qualifying periods, provided the Purchaser completes a new application and files the same with the Board during the applicable Qualifying period. Notwithstanding this Rule, the Board may, at its discretion, reject any application made by a Purchaser who was found to have made a misrepresentation on an application submitted by the Purchaser in a previous year.

Authority: Chapter 359 of the 2013 Public Acts codified in T.C.A. §§ 49-7-805, 49-7-805(4), 49-7- 805(16), 49-7-808(d), and 65-5-113(c). Administrative History: Original rule filed October 1, 2010; effective March 31, 2011. Amendment filed April 11, 2014; effective September 28, 2014.