La. Admin. Code tit. 19 § VII-7907

Current through Register Vol. 50, No. 11, November 20, 2024

Section VII-7907 - Eligibility

A. In order to be eligible for a matching grant award pursuant to this program, the applicant must demonstrate the following to the satisfaction of the board.

1. The award sought must be consistent with the Principles set forth above, the applicant must demonstrate a need for the matching grant funds, the ability to administer the funds in accordance with all applicable laws, rules and regulations governing the receipt of the grant, and that management are, or will be, in place to provide the services the grant is intended to provide. Where it is represented that certain contingent actions will be taken in order to comply with these conditions, then the LEDC may, in its discretion, withhold funding until there is substantial performance of the contingencies.

2. Preference will be given to applicants representing rural communities, or those communities designated as renewal communities.

3. The applicant must demonstrate that the matching funds and resulting grant from available matching funds will serve, individually, or collectively, the purposes of the program as defined in §7901 and the general principles defined in §7905 above.

La. Admin. Code tit. 19, § VII-7907

Promulgated by the Department of Economic Development, Office of Business Development, Economic Development Corporation, LR 29:1069 (July 2003).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2312.