Rule 413-10-1-.05 - Fund Availability(1) The OneGeorgia Authority will establish and announce funding availability. Applications will be accepted throughout the fiscal year.(2) Eligible applicants must complete a mandatory initial project assessment in a format and manner required by the OneGeorgia Authority to determine the proposed activity's eligibility for the Rural Innovation Fund.(3) If the OneGeorgia Authority approves the initial project assessment, eligible applicants must apply for loan or grant funding in a format and manner required by the Authority.(4) In consultation with the Executive Director of the OneGeorgia Authority, the Governor, Chairman of the State House Appropriations Committee, Chairman of the State Senate Appropriations Committee, and Director of the Governor's Office of Planning and Budget will review each application to determine whether the project should receive loan or grant funding.(5) Grants or loan awards are not limited in amount.(6) Specific terms and conditions of any funding will be detailed in an award agreement between the OneGeorgia Authority and the grant or loan recipient. As a condition of receiving assistance, a recipient will be required to acknowledge terms and conditions for funding, which may include repayment, recapture, or deobligation of part or all of the funding if:a. The project does not materialize as certified by the recipient;b. The recipient violates the terms of the award agreement; orc. The recipient fails to comply with federal or state law.Ga. Comp. R. & Regs. R. 413-10-1-.05
O.C.G.A. § 50-34-1 et seq.
Original Grant Description entitled "Fund Availability" submitted May 16, 2022.