NAC231.115. Applications for grant.

     1. To receive a grant to assist a project of economic diversification in a county with an economy subject to dramatic fluctuations because of a dependence on mining, an entity must:

     (a) Be a political subdivision of the State or a local or regional organization for economic development; and

     (b) Submit an application to the Office on a form prescribed by the Executive Director.

     2. If an applicant is a nonprofit private entity, the applicant must include with the application:

     (a) The most recent audit of the books and records of the applicant; and

     (b) A letter from the board of county commissioners of the county in which the project is located. This letter must state that:

          (1) The board of county commissioners approves of and supports the project that the applicant will fund with money from the grant; and

          (2) The resources of the county will be available to provide for the financial administration of the grant money if the applicant, the Office or the board of county commissioners requests that the county provide for the financial administration of the grant money.

     3. The Office will accept applications at any time, except the Office will not accept an application submitted on a date in a fiscal year after which the Office has spent or committed for expenditure the entire amount of money appropriated by the Legislature for that fiscal year for grants to assist projects of economic diversification in counties with economies subject to dramatic fluctuations because of a dependence on mining.

     (Added to NAC by Comm’n on Econ. Development by R047-06, eff. 6-28-2006)