(1) No application for pavement preservation grant monies is necessary. All eligible airport sponsors will automatically be notified of any offer made for a pavement preservation grant.

(2) There is no fee to be paid by an eligible airport for consideration for a pavement preservation grant.

(3) The board will hold an annual public aeronautics grant and loan review meeting. Notice of this meeting will be in accordance with state law. The board will make all decisions regarding all awards for pavement preservation grants at the annual grant and loan meeting.

(4) Due to their lower priority in receiving aeronautics grant and loan program monies under aeronautically related projects loan and grant program, the board will give primary commercial service airports higher priority for pavement preservation grants than other eligible airports. Unless special consideration is given to another eligible airport, the board will automatically offer all available pavement preservation grant monies to be divided evenly among all primary commercial service airports within the state.

(5) The board reserves the right to offer any amount it chooses that is available within the program budget, other than an equal share, to any eligible airport.