19A N.C. Admin. Code 6B.0411

Current through Register Vol. 39, No. 9, November 1, 2024

Section 06B .0411 - ALLOCATION OF FUNDING

(a) After evaluation of public benefits, including new employment, capital investment, and available funding, the Department may award up to a maximum 50 percent of total project costs. Except as provided in Paragraph (b) of this Rule, a project shall receive no more than 20 percent of the total RIAP budget allocated for the RIAP in any fiscal year.

(b) The North Carolina Board of Transportation may approve funding above the maximum for individual projects based on the following criteria:

(1) Comparison of project costs, benefits, and grantee resources; and

(2) Availability of funding.

19A N.C. Admin. Code 06B .0411

Authority G.S. 136-44.36; 143B-348;
Eff. April 30, 1997;
Readopted Eff. December 1, 2016.

Authority G.S. 136-44.36; 143B-350(f) and (g);
Eff. April 30, 1997.

Amended by North Carolina Register Volume 31, Issue 13, January 3, 2017 effective 12/1/2016.