Rhode Island Code of Regulations › Title 665 - State Council on the Arts › Chapter 20 - Grants and Certification › Subchapter 00 - N/A › Part 1 - Rules and Regulations for Cultural Facilities Grant Program › Section 665-RICR-20-00-1.8 - Grant Terms for the Cultural Arts and the Economy Grant Program (All Apply to the Competitive Grants of the Cultural Facilities Grants Program; Certain Items as Indicated Below Also Apply to the Two Named Recipients)

Current through June 14, 2024
A. GRANT AMOUNT (Competitive Grants only):
				 Grants available through the Cultural Facilities Grant Program will generally
				 be available in amounts up to two hundred fifty thousand dollars ($250,000.00)
				 per application
B. MATCHING FUND
				 REQUIREMENTS (Competitive Grants and Named Recipients): All funds are to be
				 matched on a dollar-for-dollar basis either through direct cash match or
				 in-kind contributions as determined by RISCA. Matching funds must be in cash or
				 documented contributions and binding pledges or financing commitments [such as
				 construction funding from tax credit programs] or loan documents.
C. NUMBER OF APPLICATIONS (Competitive Grants
				 only): Organizations that have previously received a State Cultural Facility
				 Grant are eligible to apply for an additional grant once their first project
				 has been completed and closed out, including the submission and acceptance of a
				 final report on the previously funded project.
D. GRANT AWARD AGREEMENTS (Competitive Grants
				 and Named Recipients): Awardees will enter into agreements with RISCA that
				 outline in detail the scope of work of their approved project(s), it being
				 understood that the approved projects for the Named Recipients shall be the
				 projects identified in Rhode Island Public Law Chapter 80, Article 2; the
				 projected timeline; the documentation of all matching dollars; information on
				 the impact of the project to the applicant organization, the work they do and
				 the communit(ies) they serve; the projected and actual economic impact of the
				 project, including individuals employed prior, during and after the completion
				 of the project. All awardees will continue to provide updates to this
				 information for a ten (10) year period following the completion of the project.
				 The Agreement will set forth when and upon what conditions funds will be
				 released. It is the intention of RISCA that matching funds are either collected
				 or pledged or documented with financing commitments or loan documents and
				 construction underway before funds are released. The Council may, at its
				 discretion, approve the earlier release of funds at the request of the Awardee
				 in order to reduce or eliminate the expense to the Awardee of loan origination
				 fees and interest payments.
E.
				 TIMING (Competitive Grants only): the beginning date of a project period will
				 normally be the date on which the Council votes to approve a grant for the
				 project (date of approval). For Cultural Facilities Grant Program grants, funds
				 spent on the project after the date of approval shall be eligible for
				 reimbursement or eligible to be considered matching funds, if the project is
				 approved by the Council. Project construction must begin within one (1) year of
				 the date of the signed grant agreement and must be completed within two (2)
				 years of the date of the signed grant agreement. At its discretion, the Council
				 may grant an extension in one (1) year increments. No more than three (3)
				 extensions may be granted.
F.
				 NOTICE (Competitive Grants and Named Recipients): Notice of an award shall be
				 by email or other electronic means.
G. TERMS AND CONDITIONS (Competitive Grants
				 and Named Recipients): The grant agreement will set forth all grant terms,
				 schedules, timelines, and conditions, including most particularly those
				 relating to record keeping, procurement of goods and services, verification of
				 expenditures, and disbursement of grant funds.
H. PUBLIC ACCESS (Competitive Grants and
				 Named Recipients): Any property assisted with funds from this grant program
				 shall be physically accessible to the public, and with programs that are open
				 and available to the public.
I.
				 PREVAILING WAGE (Competitive Grants and Named Recipients): Contracts for
				 construction entered into on or after November 6, 2014 shall be in compliance
				 with R.I. Gen. Laws §
										37-13-1 et seq. (prevailing wage).