R357-46-105. Funding Distribution and Reporting

(1) After GOEO approval of a Rural Communities Opportunity Grant: (a) no more than 90% of grant funds will be disbursed to a community after: (i) application approval; (ii) a contract between the community and the state is entered; and (iii) the community invoices the office for the funds; and (b) the remaining funds may be disbursed to a community upon submission of a final report including satisfactory evidence of benchmark achievements toward completion of economic development projects and activities recorded in the grant contract. (2) The maximum amount of funding a rural community or an association of governments can receive through this grant is $600,000. (3) Each grant recipient shall submit an annual report containing: (a) a description of the project, or projects, for which the grant funding is being used or encumbered; (b) the effectiveness of the award in improving economic development in the community; (c) how much matching money is being utilized by the community; (d) a letter from the CEO board or equivalent attesting that: (i) it is participating in advising the rural community or an association of governments ' governing body throughout the year; (ii) it approves of the content submitted in the annual report; (iii) it helped prepare the annual report; and (iv) minutes from each meeting of the CEO board where the Rural Communities Opportunity Grant was discussed; and (e) any other information requested by the office. (4) Grant recipients shall submit a final report and reimbursement request by the contract termination date including: (a) a description of the completed project; (b) a report on whether the recipient met the goals and benchmarks detailed in the contract; (c) a letter from the CEO board or equivalent attesting that: (i) it participated in advising the county's governing body throughout the year; (ii) it approves of the content submitted in the annual report; and (iii) it helped prepare the annual report; (d) an invoice for the outstanding amount of awarded funding; and (e) any other information requested by the office.