(

a) The council shall administer the funding round moneys of the program in accordance with the following timelines:

(1) The council shall make a program application available no later than October 31, 2021.

(2) Applications shall be due to the council no later than December 31, 2021.

(3) The council shall make initial award determinations no later than March 1, 2022.

(4) If not all funds have been awarded after the first round of grant awards, the council may accept additional applications and make additional awards until all funds have been allocated. (b)

(1) Recipients of funding round moneys shall expend at least percent of their allocation by June 30, 2023.

(2) Recipients who fail to expend their allocated funds in compliance with this subdivision shall return to the council no less than percent of their total allocation amount for reallocation by the council during subsequent rounds of funding. (

c) Recipients of funding round moneys shall expend all program funds no later than June 30, 2024. Any funds not expended by this date shall be returned to the council to be reallocated pursuant to

Section 50252.1. (d)

(1) Recipients of additional funding round moneys pursuant to subdivision (

b) of

Section 50252.1 shall expend at least percent of their allocation within two fiscal years of the date of the award. Any funds not expended by this date shall be returned to the council and reallocated pursuant to

Section 50252.1.

(2) Recipients of additional funding round moneys pursuant to subdivision (

b) of

Section 50252.1 shall obligate percent of their allocation within two fiscal years of the date of the award.

(3) Recipients that do not meet requirement in paragraph (2) shall submit to the council within days of the end of the second fiscal year a plan for obligating percent of their allocation within six months.

(4) The council may subject recipients that do not meet the requirement in paragraph (2) to additional corrective action determined by the council.

(5) Recipients of additional funding round moneys pursuant to subdivision (

b) of

Section 50252.1 shall expend all program funds within three fiscal years of the date of the award. Any funds not expended by this date shall revert to the fund of origin. (e)

(1) Recipients of additional funding round moneys pursuant to subdivision (

c) of

Section 50252.1 shall expend at least percent of their allocation within two fiscal years of the date of the award.

(2) Recipients of additional funding round moneys pursuant to subdivision (

c) of

Section 50252.1 shall obligate percent of their allocation within two fiscal years of the date of the award.

(3) Recipients that do not meet the requirement in paragraph (2) shall submit to the council within days of the end of the second fiscal year a plan for obligating percent of their allocation within six months.

(4) The council may subject recipients that do not meet the requirement in paragraph (2) to additional corrective action determined by the council.

(5) Recipients of additional funding round moneys pursuant to subdivision (

c) of

Section 50252.1 shall expend all program funds within four fiscal years of the date of the award. Any funds not expended by this date shall revert to the fund of origin.