Compilation of Rules and Regulations of the State of Georgia
Department 110 - RULES OF GEORGIA DEPARTMENT OF COMMUNITY AFFAIRS
Chapter 110-13 - FINANCIAL ASSISTANCE GRANT PROGRAM
Subject 110-13-1 - FINANCIAL ASSISTANCE GRANT PROGRAM
Rule 110-13-1-.04 - Eligible Activities
Current through Rules and Regulations filed through September 23, 2024
(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.
O.C.G.A. Sec. 50-8-8.
