(1) All requests for reconsideration of board decisions regarding grants or loans must be:

(a) in writing;

(b) made by an applicant regarding that applicant's own application; and

(c) submitted to the Aeronautics Division no later than 30 days after the original grant or loan award by the board.

(2) The Aeronautics Division will distribute any request for reconsideration to the board. If a request for reconsideration is received, the board will schedule a meeting no later than 60 days after the deadline to submit a request for reconsideration. The board's decision on reconsideration is the final agency decision on the application.