LAC 19:VII.7909. Application for Matching Grant

A. The applicant must submit an application to the DED or LEDC on a form provided which shall contain the following information: 1. a copy of the application or a valid description of the grant for which matching funds are sought; 2. a letter of commitment or such other information as will provide the board necessary information to assure that if the funds are made available and other necessary and appropriate steps are taken, the grant will be matched by the granting authority; 3. an explanation for the reason that LEDC provide the match to the grant; 4. a plan which shall include a budget as to how and when the match and the grant are to be spent; 5. résumés or other appropriate information on the grant administrator or grant monitor; 6. a statement that reflects that the value of the matching funds to the project and to the economic development of the state sought through the project will equal or exceed the benefits given to the recipient of the grant funds; 7. how matching the grant funds will serve the best interests of the businesses defined in the purposes set forth in §7901 above.