Section 870-RICR-20-00-1.4 - FundingA. All Funds will be awarded and disbursed through solicitations except for workforce development, issued by the Corporation in the Program areas under § 1.2 of this Part above. Workforce development funds will be awarded and disbursed through reimbursement funding after the completion period. Approximate release dates for each solicitation will be available on the Corporation's website at the start of each calendar year. All dates are subject to change depending on availability of funds and demand for each program. Each solicitation will specify the specific incentive level, detailed instructions on how to apply, program requirements, and the deadlines to apply.B. In each calendar year, a maximum funding level cap of the REF's income will be available to eligible projects in each Program area. The Corporation, at its discretion, may choose to contribute more money to a particular program based on demand for a particular program, available funds, or other factors. The maximum funding level cap for the REF can be found on the RICC website under the REF section.C. If the maximum funding level cap for all programs is not awarded during the calendar year, funds will roll over into the following calendar year.870 R.I. Code R. 870-RICR-20-00-1.4
Amended effective 2/21/2019