441—25.64 (426B) Methodology for awarding risk pool funding. The risk pool board shall make an eligibility decision on each application within 45 days after receiving the application and shall make a funding decision no later than February 25.
	 25.64(1) Notice of decision. The risk pool board shall send a notice of decision of the board’s action to the chairperson of the applying county’s board of supervisors. Copies of the notice of decision shall be sent to the county auditor and the central point of coordination administrator.
	 25.64(2) Distribution of funds. The total amount of the risk pool shall be limited to the available pool for a fiscal year. If the total dollar amount of the approved applications exceeds the available pool, the board shall prorate the amount paid for an approved application. The funds will be prorated to each county based upon the proportion of each approved county’s request to the total amount of all approved requests.