Section 248-102-X - Priority of ApplicationsA. Renewal applications will have first priority for available funds. Priority will only be accorded to those renewal applications received within 30 days of the Authority sending to a financial institution a notice of pending termination from the Authority.B.1. Applications other than renewal applications will be accepted starting on the first business day of January, annually. 2 Applications will be processed with priority determined by the order of arrival of applications at the Authority. All applications arriving the same day shall be deemed to have arrived simultaneously. In the event that there are insufficient funds available for investment for all applications arriving on any day, applications will be prioritized with the application for a qualified loan creating or retaining the greatest numbers of jobs per dollar receiving the highest priority. The Authority may in its discretion determine that the number of jobs to be created or retained as stated in the application is not realistic and may reduce or increase the amount stated. Any determination by the Authority of jobs to be created or retained shall be final.3 Applications will be processed and prioritized based on funds available or projected to be available within the calendar year in which the application is received. Any application received after all funds or projected funds for that calendar year have been allocated shall be recorded in order of priority as set forth in subsection B.2. of this Section X and returned to the applicant. In the event unanticipated funds become available, applicants shall be notified in the order of the arrival of the original application. The applicant must reapply within 15 days of the Authority's sending of a notice of availability of funds.C. If any loan for which funds have been set aside does not close within 90 days of receipt of notice that State funds are available for the application, the set aside funds will be available for applications with priority determined as established by this Section X. 28- 248 C.M.R. ch. 102, § X