La. Admin. Code tit. 19 § VII-7911

Current through Register Vol. 50, No. 8, August 20, 2024

Section VII-7911 - Matching Grant Funding

A. The award shall not be drawn down before the grant is funded by the federal or other entity that is providing the funds for which the matching grant is being awarded.

B. There shall be a contribution from the applicant that in the opinion of the board constitutes a commitment to the project for which the funds are being sought.

C. The Louisiana Economic Development Corporation may allocate funds to this program on a case by case basis and may, by vote, determine a maximum amount to be allocated for the fiscal year.

D. This program shall be evaluated by the board in one year.

La. Admin. Code tit. 19, § VII-7911

Promulgated by the Department of Economic Development, Office of Business Development, Economic Development Corporation, LR 29:1070 (July 2003).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2312.