R357-1-6. Grants, Loans, and Other Financial Assistance Pursuant to Utah Code Section 63N-3-104(5)

  (1) Applications for grants, loans, and other financial assistance may be approved up to $50,000 if the applicant passes the verification and approval process described below.

  (2) All financial assistance granted pursuant to this section shall be awarded as post-performance reimbursements.

  (3) Awards will be made on a dollar for dollar matching basis up to $50,000 with the applicant providing matching funds;

  (a) Awards will not be made for equipment or other qualifying items that are replacing existing items, but replacement costs may be considered as part of the total project cost;

  (b) Applications for specialized vehicles may be approved on a dollar for dollar matching basis up to $25,000 with the applicant providing matching funds.

  (4) Payment under this part shall be made only after qualifying expenditures are verified and a site visit is completed by ORD staff.

  (5) Any subsequent applications by a company having received a Rural Fast Track award may only be considered for another grant if the second application is for a unique project and at least 18 months have passed after the most recent award was granted.

  (6) ORD staff may require additional information during the grant process.

  (7) Items that are not eligible for grants, loans, or other financial assistance under 63N-3-104(5) include the following:

  (a) Laptop or desktop computers and other standard office equipment;

  (b) Non-specialized vehicles;

  (c) Bare ground;

  (d) Retail, except in eligible L and H counties or resort communities; and

  (e) Other items as identified by GOED, ORD, or GRPB on a case by case basis.

  (f) The above ineligible items may be approved in exceptional circumstances with the written approval of the administrator.