SECTION .0300 ‑ DISTRIBUTION OF FUNDS

 

04 NCAC 19N .0301          SIZE AND USE OF GRANTS

(a)  There is no minimum grant amount which applicants may request or be awarded.  Grant awards shall not exceed five thousand dollars ($5,000) in ESGP funds per applicant per year, except in the case of entitlement cities which may request and be awarded ESGP funds up to the amount shown on the "ESGP Entitlement Allocation Table" published by the Division of Community Assistance of NRCD.  Copies of this table are available for public distribution from the Division of Community Assistance of NRCD.

(b)  Notwithstanding the provisions of Paragraph .0301(a) above, NRCD reserves the right to decrease the requested grant amounts in the event that the total amount of funds requested exceeds the total amount of funds available.  NRCD also reserves the right to increase requested grant amounts and award grants exceeding the five thousand dollar ($5000) limit if the total amount of funds requested is less than the total amount of funds available.

 

History Note:        Filed as a Temporary Rule Eff. June 30, 1987, for a period of 120 days to expire on October 21, 1987;

Filed as a Temporary Rule Eff. March 2, 1987, for a period of 120 days to expire on June 30, 1987;

Authority G.S. 143‑323; 143B‑10; 24 C.F.R. 575.37;

Eff. September 1, 1987.