§ 662. Revocations. 1. If at any time the president determines that
the recipient of an academic performance award has failed to comply with
the regulations of the commissioner in respect to the use of such award,
or to observe the rules, regulations or conditions prescribed or imposed
by the institution attended, or that an award was made through error, or
contrary to law, he may suspend or revoke such award. In the event of a
violation of law he shall take such action as shall be required by such
law.

2. Disposition of relinquished or revoked awards. An academic
performance award relinquished by the holder or revoked by the president
shall be issued to the next alternate in the year in which such academic
performance award was issued. However, an academic performance award
relinquished by the holder or revoked after the holder was matriculated
shall not be reawarded, nor shall any academic performance award be
awarded or reawarded after the first semester, quarter or term of
attendance following the effective date of the academic performance
award series.