Ga. Comp. R. & Regs. R. 110-25-1-.08 - Threshold Requirements
(Application must meet all threshold requirements in order to be considered):
(1) The application is
from an eligible applicant;
(2) The
proposed sub-recipient business is a life-sciences company;
(3) A letter of support and recommendation
has been issued by a state agency or organization whose statutory or
organizational powers and duties include community and economic development or
the enhancement of Georgia's technology sectors, stating that the proposed
project needs the Loan Fund's loan assistance and will (if funded) develop,
promote, and/or retain trade, commerce, industry and employment opportunities
within the state's strategic industries and promote the general welfare of the
state;
(4) The proposed use of
funds is for eligible activities and will be carried out in a manner consistent
with the state constitution, state law and in accordance with the applicant's
and sub-recipient's enabling legislation and authority or corporate charter;
and
(5) The proposed activities are
consistent with local and regional plans developed under the provisions of the
Georgia Planning Act and the Service Delivery Strategies developed in
accordance with O.C.G.A.
36-70-1et
seq.
Notes
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