Rule 413-8-1-.10 - Awarding of Funds(1) AIR Georgia grants or loans are not limited in amount. Assistance amounts will be determined following consultation with the Georgia Department of Transportation and approved by the Authority. Generally, AIR Georgia funds awarded will be limited to 75% of the eligible project cost. However, the Authority will consider funding at a higher percentage of the eligible project cost for extreme economic hardship cases. Adequate documentation should be contained in the application to support hardship pleas. Final approval of assistance amounts is at the discretion of the Authority.(2) Once selected for funding, awarded funds will be made available by the OneGeorgia Authority through an award contract incorporating by reference the approved final application and adding any special conditions that may be necessary or appropriate. As part of the award conditions, recipients must file a report on the impact and performance of the project, in a format prescribed by the OneGeorgia Authority.(3) The Authority may approve a grant subject to certain general or special conditions that will be incorporated into the award document. Because of the limited amount of funds available, the Authority may also award an amount less than the amount requested in the application. Applicants will have thirty (30) days from the date of award to accept any special conditions and/or the reduced award amount. If the applicant fails to accept the special conditions or lower award amount within the required period, the OneGeorgia Authority may unilaterally withdraw the award.(4) The OneGeorgia Authority will provide recipients with specific instructions and forms to be used for drawdown of funds awarded under the award contract.Ga. Comp. R. & Regs. R. 413-8-1-.10
O.C.G.A. Sec. 50-34-8et seq.
Original grant description entitled "Awarding of Funds" submitted October 19, 2006.