Section 665-RICR-20-00-1.8 - Grant Terms for the Cultural Arts and the Economy Grant Program (All Apply to the Competitive Grants of the Cultural Facilities Grants Program; Certain Items as Indicated Below Also Apply to the Two Named Recipients)A. GRANT AMOUNT (Competitive Grants only): Grants available through the Cultural Facilities Grant Program will generally be available in amounts up to two hundred fifty thousand dollars ($250,000.00) per application B. MATCHING FUND REQUIREMENTS (Competitive Grants and Named Recipients): All funds are to be matched on a dollar-for-dollar basis either through direct cash match or in-kind contributions as determined by RISCA. Matching funds must be in cash or documented contributions and binding pledges or financing commitments [such as construction funding from tax credit programs] or loan documents.C. NUMBER OF APPLICATIONS (Competitive Grants only): Organizations that have previously received a State Cultural Facility Grant are eligible to apply for an additional grant once their first project has been completed and closed out, including the submission and acceptance of a final report on the previously funded project.D. GRANT AWARD AGREEMENTS (Competitive Grants and Named Recipients): Awardees will enter into agreements with RISCA that outline in detail the scope of work of their approved project(s), it being understood that the approved projects for the Named Recipients shall be the projects identified in Rhode Island Public Law Chapter 80, Article 2; the projected timeline; the documentation of all matching dollars; information on the impact of the project to the applicant organization, the work they do and the communit(ies) they serve; the projected and actual economic impact of the project, including individuals employed prior, during and after the completion of the project. All awardees will continue to provide updates to this information for a ten (10) year period following the completion of the project. The Agreement will set forth when and upon what conditions funds will be released. It is the intention of RISCA that matching funds are either collected or pledged or documented with financing commitments or loan documents and construction underway before funds are released. The Council may, at its discretion, approve the earlier release of funds at the request of the Awardee in order to reduce or eliminate the expense to the Awardee of loan origination fees and interest payments.E. TIMING (Competitive Grants only): the beginning date of a project period will normally be the date on which the Council votes to approve a grant for the project (date of approval). For Cultural Facilities Grant Program grants, funds spent on the project after the date of approval shall be eligible for reimbursement or eligible to be considered matching funds, if the project is approved by the Council. Project construction must begin within one (1) year of the date of the signed grant agreement and must be completed within two (2) years of the date of the signed grant agreement. At its discretion, the Council may grant an extension in one (1) year increments. No more than three (3) extensions may be granted.F. NOTICE (Competitive Grants and Named Recipients): Notice of an award shall be by email or other electronic means.G. TERMS AND CONDITIONS (Competitive Grants and Named Recipients): The grant agreement will set forth all grant terms, schedules, timelines, and conditions, including most particularly those relating to record keeping, procurement of goods and services, verification of expenditures, and disbursement of grant funds.H. PUBLIC ACCESS (Competitive Grants and Named Recipients): Any property assisted with funds from this grant program shall be physically accessible to the public, and with programs that are open and available to the public.I. PREVAILING WAGE (Competitive Grants and Named Recipients): Contracts for construction entered into on or after November 6, 2014 shall be in compliance with R.I. Gen. Laws § 37-13-1 et seq. (prevailing wage).665 R.I. Code R. 665-RICR-20-00-1.8
Amended effective 9/5/2021