Section 2.04 - Application and Approval Process(1) The Authority shall approve Applications in accordance with 963 CMR 2.00, the priority criteria established in M.G. L. c. 70B, including but not limited to, M.G.L. c. 70B, §§ 6, 8, and 9(a), and other policies, requirements and guidelines as the Authority may determine are necessary for the approval of a Proposed Project.(2) The Authority may rescind approval of an Approved Project at any time and collect any funds it has paid an Eligible Applicant if the Eligible Applicant, or his agent, does not comply with the statutes, regulations, guidelines and/or policies of the Authority.(3) The Authority shall not accept an Application or approve funding for any Proposed Project from an Eligible Applicant that, in the reasonable judgment of the Authority, is the result of negligence or a lack of routine maintenance.(4) The initial step in the Authority's grant process is for an Eligible Applicant to file a Statement of Interest to alert the Authority of the Eligible Applicant's interest in participating in the Authority's grant program. Upon review of the Statement of Interest, an Eligible Applicant may be invited to participate in the Authority's grant program process.(5) The Application and Approval process is a multitiered process that requires an Eligible Applicant to work through the Authority's modules and obtain multiple approval votes by the Authority's Board of Directors.Amended by Mass Register Issue 1521, eff. 5/10/2024.