Ga. Comp. R. & Regs. R. 110-13-1-.04 - Eligible Activities
(1) All applicants for Financial Assistance
Grants must submit an application to the Department of Community Affairs, in a
format prescribed by the Department. Eligible applicants must demonstrate (1)
that they have borrowed or obtained funds from another governmental entity,
(2) that such funds have been
expended for the purpose of developing, promoting or retaining commerce,
industry or employment opportunities, and
(3) that they have a legal obligation to
repay such funds. Eligible applicants must clearly identify the proposed use of
financial assistance grant funds. Eligible uses of the funds borrowed or
obtained from other governmental entities include expenditures related to
community or economic development improvements such as public infrastructure
improvements, including water, sewer, streets, roads, and rail spurs; land
acquisition; costs related to the relocation of equipment and other assets
associated with a project; acquisition and installation of air conditioning
equipment, compressed air equipment, furniture, office equipment and phones;
acquisition of industrial revenue bonds used to secure land for a project; and
any other activity or purpose identified in O.C.G.A.
50-8-3(b)(5) or
O.C.G.A. 50-8-8.
Notes
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