Section 261-3-002 - FUNDINGAfter scoring and ranking applications that the Director finds to be satisfactory, the Commission will make the following determinations to establish the amount of money available to utilize in funding new projects and to fund a previously approved project.
002.01.Current Year Appropriations. The Commission will set aside: (1) If approved for funding pursuant to Chapter 3 001.04, 10% of the funds appropriated as specified in Nebraska Rev. Stat. § 2-1507(2);(2) 10% of the Current Year Appropriation for Small Projects;(3) The remainder for Large Projects. The Commission is not authorized to approve an allocation for a project that would cause the Cap to be exceeded.002.02.Small Project Funding. The Commission will fund current year Small Projects by starting with the highest scored project. The Commission will proceed in rank order until funds which have been set aside for Small Projects, including any carryover from the prior year, have been committed or the Commission may limit funding for Small Projects based upon the scoring of the projects and other considerations. Any remaining amount may be carried over or be made available to Large Projects subject to Commission approval.002.03.Large Project Funding Allocation/Obligation. The Commission will first provide funds for a Large Project which has been previously approved but not fully funded. The Commission will next fund current year projects starting with the highest scored project and proceeding until legislatively authorized funds, including any carryover from the prior year, are committed by fully funding projects or until the Commission limits funding based upon the scoring or other considerations. After funding has been completed as described herein, and If funds remain, the Commission may approve and partially fund (obligate) one additional project. In doing so, the Commission must be able to fully allocate this project utilizing the "cap". In no event may the Commission approve an allocation for more than one project, nor exceed the Cap.261 Neb. Admin. Code, ch. 3, § 002
Adopted effective 5/21/2018Amended effective 12/27/2022