Compilation of Rules and Regulations of the State of Georgia
Department 413 - GRANTS OF THE ONEGEORGIA AUTHORITY
Chapter 413-2 - EDGE FUND
Rule 413-2-.06 - Eligible Activities

Universal Citation: GA Rules and Regs r 413-2-.06

Current through Rules and Regulations filed through March 20, 2024

Eligible uses of funds provided under the Edge Fund include those activities and the provision of facilities and services as described in O.C.G.A. 50-34. Eligible uses of funds for this category shall include, but are not limited to:

1. Public Land Acquisition/Site Development.

a) For siting and/or improving publicly owned infrastructure.

b) For publicly owned industrial, technology parks, and airports.

c) For publicly owned improvements for tourism developments.

2. Public Infrastructure Improvements.

a) Publicly owned water and/or sewer facilities and improvements.

b) Publicly owned improvements for pollution control.

c) Publicly owned railroad spurs.

d) Publicly owned road improvements.

e) Drainage improvements on public rights of way.

f) Site preparation on publicly owned land.

g) Publicly owned telecommunications assets.

3. Publicly Owned Machinery and Equipment.

4. Publicly Owned/Privately Leased Fixed Assets (sites and buildings) and/or Machinery and Equipment.

It is important to note that the proposed use of Edge Fund monies will dictate whether the funds can simply be granted to the applicant, or whether they will be granted to the applicant but require a lease agreement between the applicant and participating subrecipient. In general, public acquisition or improvements of public facilities and infrastructure can be paid for by the applicant with Edge Fund monies and do not have to be leased to a subrecipient through a development authority. Where Edge Fund monies are expended for the public acquisition and/or improvement of privately used land, buildings, machinery and equipment, or other private assets, the assets must be owned or controlled by the applicant and leased or subleased to the private user.

The Authority may also require the applicant to recapture some or all of the Edge Fund assistance if ownership of project assets is transferred to an entity other than the applicant. The Authority also reserves the right to establish criteria for the recapture of grant funds upon transfer of project assets to an entity other than the applicant or upon any event that violates state law, the public purpose of the grant program, or any of the grant conditions. All recaptured funds must be returned to the Authority, unless otherwise specified by the Authority.

O.C.G.A. Sec. 50-34et seq.

Disclaimer: These regulations may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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