830 R.I. Code R. 830-RICR-10-30-1.6

Current through December 3, 2024

Section 830-RICR-10-30-1.6 - Grant Application amp; Review

A. The grant application shall be in a form acceptable to the Bank as prescribed in any open solicitation period.

B. The Bank shall review and approve all grant applications after consultation with the Division.

C. Each proposed project application submitted in an open solicitation period shall be reviewed, scored, and ranked based upon a range of criteria which shall be applied so as to promote the goals and requirements of R.I. Gen. Laws § 4211.4-1, et seq. and these Regulations, including but not limited to:

1. A minimum project readiness standard as identified by the Bank in the open solicitation period;

2. Overall spending targets by project type;

3. Time line and budget for the proposed project;

4. Economic development potential;

5. Leveraged private investment;

6. Proposal quality;

7. Alignment with the State's prevailing economic development plan; and

8. Other criteria as identified by the Bank during the open solicitation period.

830 R.I. Code R. 830-RICR-10-30-1.6

Adopted effective 8/23/2022