Allotments that are allocated to applicants shall not expire.
(b) Unallocated Allotments Expire Annually
Allotments that are not allocated to any applicants expire automatically and are not carried forward into successive years. The annual allotments shall expire on December 31st of each calendar year or at such time as all applications for allotments in the particular development type have been processed and the requested allotments have either been awarded or have been denied.