Section R. 125.152 - Processing and evaluation of applicationsRule 152.
(1) An application for a development fund grant must be processed by the authority staff on the basis of the authority's evaluation factors.(2) An applicant may be required to furnish to the authority staff supplementary information and to amend the application to cause the planned activities to be fully consistent with the authority's evaluation factors.(3) Upon completion of the processing, all applications for development fund grants in the amount of $250,000 or more must be presented to the authority for approval, along with the authority staff analysis of the application and the executive director's recommendation with respect to the application subject to such terms, conditions, and requirements deemed necessary by the authority.(4) If the amount of the development fund grant is less than $250,000.00, the executive director shall review the authority staff analysis and determine whether all of the following requirements are met:(a) The applicant is authorized by the act to receive a development fund grant.(b) The applicant will use the grant funds in planning for or implementing any activities permitted in the act.(c) The applicant is reasonably expected to be able to successfully implement the proposal.(d) The application satisfies the evaluation factors and criteria adopted by the authority. If the requirements of this subrule are met, the executive director may issue, on behalf of the authority, a commitment for a development fund grant to the applicant. The development fund grant commitment must contain terms, conditions, and requirements as deemed necessary by the executive director. The authority may require repayment of these grants.
Mich. Admin. Code R. 125.152
1979 AC; 1998-2000 AACS; 2023 MR 6, Eff. 3/21/2023