R305-4-8. Grant Program Limitations

  (1) Grant applications shall not be approved if:

  (a) awarding a grant to an applicant would result in the Department's inability to fulfill its obligations under this program or this rule;

  (b) the applicant does not meet the approval requirements of Sections R305-4-4 and 5, and the project eligibility requirements of R307-123;

  (c) the fund balance is zero;

  (d) awarding a grant to an applicant would result in the fund balance being less than zero;

  (e) the OEM vehicle purchased with the grant funds has previously been titled, registered, or driven more than 7,500 miles by a person or entity other than the applicant.

  (f) the amount of a grant for any vehicle will exceed the provisions in Subsections 19-1-403(2)(c); or

  (g) the total amount awarded for the purchase of vehicle refueling equipment will exceed the actual cost of the refueling equipment.

  (2) The annual combined total for all grants approved shall not exceed a maximum of $500,000 as authorized by Subsection 19-1-404(1)(b)(i).

  (3) The maximum number of vehicles purchased, converted, or retrofitted using grant funds by any fleet operator shall not exceed 100 vehicles, as authorized by Subsection 19-1-404(1)(b)(iii).

  (4) The maximum amount that may be approved by the Department for a grant is $100,000; the minimum amount that may be approved is $5,000.

  (5) Awards for applicants for both a grant and loan will not exceed the actual cost of the approved project, minus the amount of any tax credit claimed under Sections 59-7-605 or 59-10-1009.