662 - Revocations.

§ 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.