Ala. Admin. Code r. 305-5-5-.04

Current through Register Vol. 43, No. 1, October 31, 2024

Section 305-5-5-.04 - Types Of Grants

The following grant programs will be established:

(1) Feasibility study matching grants as described in 1993 Ala. Acts 543.

(2) Technical assistance grants as described in 1993 Ala. Acts 543.

(3) Capital Outlay and operational matching grants as described in 1993 Ala. Acts 543.

(4) Start-ups or expansion grants to provide for the renovation of buildings for start-ups or expansions of space in buildings determined to be suitable for small business purposes. The expansion of space may include providing for the cost of equipment and furnishings necessary to use that space, but such expenses must be reviewed on a case by case basis. The maximum participation for state funds in start-up or expansion projects is 30 percent of the project amount not to exceed two hundred thousand dollars ($200,000) per grant.

(5) Construction grants as described in 1993 Ala. Acts 543.

Authors: Don Reid and Harris Cooper

Ala. Admin. Code r. 305-5-5-.04

New Rule: Filed November 29, 1993; Effective January 3, 1994.

Statutory Authority:Code of Ala. 1975, 1993 Ala. Acts 543.