To maintain program approval status, the following information shall be required annually of each school unit:
Failure to submit required reports and applications in a timely manner shall be grounds for loss of program approval and of State subsidy aid. As of September 30, 1992, such failure to establish educational programs for gifted and talented children in the school administrative unit may result in a finding of noncompliance by the Commissioner, loss of general school approval status, and penalties provided by law.
05- 071 C.M.R. ch. 104, § 3-16