Section 830-RICR-10-30-1.4 - Financial AssistanceA. These Policies and Procedures govern the provision of financial assistance available to applicants for municipally-related infrastructure projects. Financial assistance shall be in the form of grants in amounts as determined by the Bank in consultation with the Division. At the discretion of the Bank, applications submitted by financially distressed applicants may receive priority consideration. In determining those applicants which qualify as "financially distressed,"? the Bank may consider the criteria set forth in R.I. Gen. Laws §§ 45-13-12(b)(1) through (4) as amended.B. Requests for financial assistance shall be submitted in writing by the Chief Executive Officer or other authorized officer of the applicant to the Executive Director of the Bank in accordance with the open solicitation process pursuant to R.I. Gen. Laws § 42-11.4-3.830 R.I. Code R. 830-RICR-10-30-1.4
Adopted effective 8/23/2022