Compilation of Rules and Regulations of the State of Georgia › Department 110 - RULES OF GEORGIA DEPARTMENT OF COMMUNITY AFFAIRS › Chapter 110-7 - REGIONAL ECONOMIC BUSINESS ASSISTANCE GRANT PROGRAM › Subject 110-7-1 - REGIONAL ECONOMIC BUSINESS ASSISTANCE GRANT PROGRAM DESCRIPTION › Rule 110-7-1-.04 - Eligible Activities

Current through Rules and Regulations filed through June 27, 2024
(1) All applicants for Community or Economic
				Development Assistance Projects must submit an application to the department,
				in a format prescribed by the department. Applicants must demonstrate that they
				have a viable community or economic development project and clearly identify
				the proposed use of the funding. Eligible uses of funds for this category
				include community or economic development improvements such as, but not limited
				to, rail access; road improvements; water and sewer improvements; site
				acquisition and development; drainage improvements; utilities; construction
				projects; capital outlay projects; infrastructure projects; planning services;
				technical assistance; agriculture, and agribusiness; purchase or lease of
				equipment or other assets; or any other community or economic development and
				business assistance activity or purpose identified in O.C.G.A. §
									50-8-3(b)(5)  or
				O.C.G.A. §
									50-8-8. It is important to note
				that the proposed use of REBA funds will dictate whether the funds can simply
				be granted to the applicant, or whether they will be granted to the applicant
				but require a lease agreement between the applicant and the participating
				businesses or private user.
(2) All
				applicants for Regional or Multi-Jurisdiction Community or Economic Development
				Implementation projects must submit an application to the department, in a
				format prescribed by the department. Applicants must demonstrate that they have
				a viable regional or multi-jurisdiction community or economic development
				implementation project and clearly identify the proposed use of the funding.
				Eligible uses of funds for this category include, but are not limited to, items
				such as regional industrial parks; regional facilities; studies; plans;
				specialized training or educational programs for regional specific industries;
				coordinated and comprehensive planning; marketing and promotional projects to
				encourage tourism and to develop, promote, and retain trade, commerce, industry
				and employment opportunities; or any other community or economic development
				and business assistance multi-jurisdictional activity or purpose identified in
				O.C.G.A. §
									50-8-8.
(3) In general, public acquisition or
				improvements of public facilities such as water and sewer can be paid for by
				the applicant with REBA funds and do not require a lease agreement with the
				participating businesses. Where REBA funds are expended for the public
				acquisition and/or improvements of privately used land, buildings, machinery
				and equipment, or other private assets, such land, building, machinery and
				equipment, or other private assets must be owned or leased by the applicant and
				leased or subleased to the participating business or private user. REBA funds
				may also be loaned by the applicant to a participating business or private user
				for the purchase of land, buildings, machinery and equipment, or other private
				assets, the terms of which loan shall be determined by the department.
				Repayment of such a loan would be made to the department and used for other
				economic development projects and programs.
It is important to note that the department may require the
				  applicant to recapture some or all of the REBA grant if ownership of the
				  project assets are transferred to an entity other than the applicant. The
				  department also reserves the right to require the recapture of grant funds upon
				  transfer of project assets to an entity other than the applicant or upon any
				  event that violates state law, the public purpose of the grant program, or any
				  of the grant conditions. All recaptured funds must be returned to the
				  department.
O.C.G.A. Sec.
				  50-8-8 and Appropriations
				  Act.