250 R.I. Code R. 250-RICR-120-05-50.7

Current through December 26, 2024

Section 250-RICR-120-05-50.7 - Notification of Available Funds

50.7.1 Availability of Funds:

The Director shall announce the availability of all funds under the Clean Diesel Fund. The funds will be available to eligible applicants in the form of reimbursement grants of up to fifty percent (50%) of the total project cost. Applicants must be able to match at least fifty percent (50%) of the total project cost. The total project cost shall include both the material and labor needed to implement the eligible measure. No one applicant shall be awarded more than twenty-five percent (25%) of the grant funds appropriated during a given fiscal year, provided that the total grants requested exceed the amount appropriated. If the total amount of grants requested is less than the amount appropriated in a given fiscal year, the Department may allocate more than twenty-five percent (25%) of the fund to one applicant.

50.7.2Frequency of Awards and Announcements:

A. Reimbursement grants using these funds will be made periodically, but not less than bi-annually (twice every fiscal year) on a competitive basis, based on announcements regarding requests for applications pursuant to §50.7.1 of this Part. At a minimum the announcement will state:

1. The approximate amount of money available under the fund;

2. The deadline for all applications; and

3. Any other information the Director determines necessary and pertinent.

250 R.I. Code R. 250-RICR-120-05-50.7