Your #2 statement says everything ...
If you don't collect money and applications before getting legislature approval, how do you plan on having everything submitted within the 30 day period? You must have everything ready to go before legislature to make it work.
I honestly don't think that you're going to find 350 people willing to front $35.00 for a finished product to arrive no earlier than 18 months from collection date. (BTW ... This means collecting the money and creating an escrow account)
You can continue on whatever route you want, but as of this point, our chapter's board has decided to not support this project.
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