LAC 56:III.327. Eligibility

A. This Section describes the requirements of eligibility for participation in the Rural Grant Opportunity Program. 1. In order to be considered for the Rural Grant Opportunity Program, the authority shall also submit a resolution declaring its financial inability to satisfy the local match requirement of R.S. 38:90.9(A)(4). The resolution shall include a sworn affidavit executed by the authority’s private certified public accountant certifying that, after an examination of the authority’s financial records, monies are not available out of the accumulated unreserved earnings generated by the authority to meet the local match requirement.