A. The Board only shall give financial assistance to an agricultural youth group or an organization sponsoring an agricultural activity.
B. Procedure. An applicant shall submit the following to the Board:
(1) An application on forms provided by the Board at least 1 month in advance of the Board's announced allocation meeting;
(2) A financial statement of the activity for the previous year, if any; and
(3) An overview of significant changes from the previous year's activity.