Section 250-RICR-140-30-2.8 - Notification of Available FundsA. Availability of Funds - The Director shall announce the availability of all funds under the Brownfields Remediation and Economic Development Fund. During each announcement of availability of funds, the Director may allocate portions of the available funding for either Governmental, Public and Non-Profit Entities or Private Party/Non-Governmental Entities in the Brownfields Remediation and Economic Development Fund. The funds will be available to eligible applicants in the form of grants of up to eighty percent (80%) of eligible costs. Applicants must be able to match at least twenty percent (20%) of eligible costs. At the Director's discretion, a grant for less than eighty percent (80%) of eligible costs may be awarded based on site remediation and redevelopment characteristics. The announcement of the availability of funds issued per this rule may include the weighting of the evaluation criteria listed in §2.11.1(A)(3) of this Part for the round of grants being offered.B. Frequency of Awards and Announcements - 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 § 2.9(A) 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; and3. Any other information that the Director determines necessary and pertinent.250 R.I. Code R. 250-RICR-140-30-2.8
Amended effective 4/22/2020