La. Admin. Code tit. 7 § III-903

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

Section III-903 - Available Funding

A. The Healthy Food Retail Program may provide funding on a one-time basis for projects such as:

1. new construction of supermarkets and grocery stores;

2. store renovations, expansion, and infrastructure upgrades that improve the availability and quality of fresh produce;

3. farmers' markets and public markets, food cooperatives, mobile markets and delivery projects, and distribution projects that enable food retailers in underserved communities to regularly obtain fresh produce; or

4. other projects that create or improve healthy food retail outlets as determined by LAFA.

B. Funding made available for projects included in Paragraph A of this Section may be used for the following purposes:

1. site acquisition and preparation;

2. construction costs;

3. equipment and furnishings;

4. workforce training;

5. security;

6. certain pre-development costs, such as market studies and appraisals; and

7. working capital for first-time inventory and start-up costs.

C. Applicants shall not use HFRP funding for the following:

1. the sole purpose of refinancing existing debt;

2. payment of any tax arrearages, government fines, or penalties;

3. political or religious activities;

4. buying out any stockholder or equity holder in the borrower's business;

5. buying out or reimbursing any family member;

6. purchasing instruments or investments for the sole purpose of a return on investment; or

7. any other activity that LAFA sees fit.

La. Admin. Code tit. 7, § III-903

Promulgated by the Department of Agriculture, Agriculture and Finance Authority, LR 48295 (2/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 3:296.