reglab/statecodes huggingface dataset:
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.11 - Revocation

Current through June 14, 2024
A. In the event that any information provided
				  by the Applicant in its Application is found to be willfully false, the
				  Corporation shall deny the issuance of or revoke any Voucher in whole or in
				  part, which revocation shall be in addition to any other criminal or civil
				  penalties that the Applicant and/or the relevant officials of the Applicant may
				  be subject to under applicable law.
B. The Corporation shall deny the issuance of
				  or revoke any Voucher if an Applicant or its successor-in-interest is convicted
				  of bribery, fraud, theft, embezzlement, misappropriation, and/or extortion
				  involving the State, any state agency or political subdivision of the
				  state.
C. The Corporation may
				  provide for additional rights and remedies in any Voucher Agreement, which will
				  be in addition to the rights provided under this Rule.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.12 - Discretion and Judicial Review

Current through June 14, 2024
A. The Corporation
				  shall not have any obligation to issue any Voucher make any award or grant any
				  benefits under the Act or these Rules, and may decline to grant Vouchers to any
				  Applicant, including those who have submitted a completed Application that
				  meets the eligibility requirements of §
										4.7   of this Part.
B. A review of an Application shall not
				  constitute a "contested case" under the Administrative Procedures Act, R.I.
				  Gen. Laws §
										42-35-9, and no opportunity to
				  object to an Application shall be afforded, nor shall judicial review be
				  available from a decision rendered by the Corporation in connection with any
				  Application.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.13 - Administration and Examination of Records

Current through June 14, 2024
The Corporation may examine any books, paper, records or
					 memoranda bearing upon the approval of incentives awarded under the Act, and
					 may require the attendance of any person executing any Application, report or
					 other statement, or of any officer or employee of any taxpayer, or the
					 attendance of any other person, and may examine such person under oath
					 respecting any matter which the Corporation deems pertinent or material in
					 determining eligibility for incentives claimed under the Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.14 - Inspection Rights

Current through June 14, 2024
The Corporation shall have the right at reasonable times
					 to make an inspection and to enter upon any property that is the subject of an
					 Application during the term of an Incentive Agreement to verify compliance with
					 the Act, the Rules and such other conditions imposed by the
					 Corporation.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.1 - Purpose

Current through June 14, 2024
These rules and regulations (the "Rules") are promulgated
								to set forth the principles, policies, and practices of the Rhode Island
								Commerce Corporation (the "Corporation") in implementing and administering R.I.
								Gen. Laws Chapter 42-64.29, the Industry Cluster Grants act (the
								"Act").
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.2 - Authority

Current through June 14, 2024
These Rules are promulgated pursuant to R.I. Gen. Laws
								Chapter 42-64.29. These Rules have been prepared in accordance with the
								requirements of R.I. Gen. Laws Chapter 42-35, the Rhode Island Administrative
								Procedures Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.3 - Scope

Current through June 14, 2024
A. These Rules shall apply to any application
							received by the Corporation for a grant under the Act. Notwithstanding anything
							contained in these Rules to the contrary, the Corporation shall have and may
							exercise all general powers set forth in the Act that are necessary or
							convenient to effect its purposes and these Rules shall be liberally construed
							so as to permit the Corporation to effectuate the purposes of the Act and other
							applicable state laws and regulations. The Corporation, upon an affirmative
							vote of its board of directors, may provide exemption from the application of
							such portion of these Rules as may be warranted by extenuating circumstances
							arising from such application, based upon the written recommendation of the
							staff of the Corporation delineating the reasons for such exemption. An
							applicant seeking an exemption under this provision must demonstrate
							extenuating circumstances by showing either
1.
							that the application of a component of these Rules is inconsistent with a
							requirement of federal, state, or local law; or
2. that the application of a component of
							these Rules is not feasible or appropriate for the given project
							type.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.4 - Severability

Current through June 14, 2024
If any provision of these Rules, or the application thereof
								to any person or circumstance is held invalid by a court of competent
								jurisdiction, the validity of the remainder of the Rules shall not be affected
								thereby.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.6 - Eligibility for a Technical Assistance Grant

Current through June 14, 2024
A. The
							following conditions must be met for an Applicant to be eligible for a
							Technical Assistance Grant under the Act:
1.
							the Applicant must be an entity with the credibility within the relevant
							Cluster and the organizational capacity to provide leadership on initiatives
							that benefit the entire Cluster; the Applicant may, for example, be an existing
							or potential trade association, nonprofit institution, or research center; an
							Applicant may also be a for-profit entity, provided that such entity's
							Application is on behalf of the Cluster and demonstrates that the benefits of
							its project will be widespread within the Cluster;
2. the Applicant must be registered to do
							business in the State;
3. the
							project for which the Applicant seeks a Technical Assistance Grant must
							primarily benefit companies within the State;
4. the Technical Assistance Grant sought must
							be between $75,000 and $250,000 inclusive and shall be used for:
a. building an organization with the purpose
							of improving Cluster effectiveness; or
b. for planning or feasibility studies for
							projects that could provide a benefit to the Cluster; and
5. the Applicant must have demonstrated
							support from the businesses and other stakeholders in the relevant
							Cluster.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.8 - Eligibility for an Implementation Grant

Current through June 14, 2024
A. The
							following conditions must be met for an Applicant to be eligible for an
							Implementation Grant under the Act:
1. the
							Applicant must be an entity with the credibility within the relevant Cluster
							and the organizational capacity to provide leadership on initiatives that
							benefit the entire Cluster; the Applicant may, for example, be a trade
							association, nonprofit institution, or research center; an Applicant may also
							be a for-profit entity, provided that such entity's Application is on behalf of
							the Cluster and demonstrates that the benefits of its project will be
							widespread within the Cluster;
2.
							the Applicant must be registered to do business in the State;
3. the project for which the Applicant seeks
							an Implementation Grant must primarily benefit companies within the
							State;
4. the Implementation Grant
							sought must be between $100,000 and $500,000, inclusive, and shall be used to
							implement a well-defined program to improve the relevant Cluster's
							effectiveness in one or more specific areas, including, but not limited to,
							research and development, technology transfer, workforce development, or
							Cluster marketing; and
5. the
							Applicant must have demonstrated support from the businesses and other
							stakeholders in the relevant Cluster.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.10 - Application Review and Approval

Current through June 14, 2024
A. The Corporation
							shall conduct a review of the applications for Technical Assistance Grants and
							Implementation Grants received on a rolling basis in order of receipt until
							such time as all available funds under the Act have been committed, at which
							point the Corporation will cease reviewing applications until such time as
							additional funding becomes available. The Corporation may set periodic
							application deadlines that will be published on the Corporation's web site from
							time to time.
B. Each application
							shall be reviewed to confirm compliance with the Act and these Rules, and the
							Corporation may reject any incomplete or deficient application.
C. The Corporation may require the submission
							of additional information in connection with any application or the revision of
							an application, and may permit the resubmission of an application rejected as
							being incomplete or deficient.
D.
							After submission of a complete application and review by the Corporation in
							accordance with the requirements of the Act and these Rules, the Corporation
							will determine whether to award a Technical Assistance Grant or Implementation
							Grant to the Applicant. In selecting Applicants to receive Grants, the
							Corporation will prioritize those Applicants with demonstrated commitments of
							matching funds or in-kind services contributed to the project.
E. In determining whether to approve a
							Technical Assistance Grant or Implementation Grant, factors the Corporation may
							consider include, but are not limited to, the following:
1. strength of the Cluster, its stage of
							development, and its importance to the State's economy;
2. quality and clarity of information on the
							project, including need, timelines, and deliverables;
3. the degree of support from the businesses
							operating in the Cluster;
4.
							caliber and experience of the personnel involved in the project;
5. scale, breadth, and sustainability of the
							project;
6. the strength of the
							Applicant's methodology for evaluation impacts of the Project; and
7. the Project's potential for catalytic
							impact.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.11 - Grant Agreement

Current through June 14, 2024
A. Upon approval of
							a Grant for an Applicant, the Corporation and the Applicant will enter into a
							Grant Agreement before any Grant amount can be provided to the Applicant. The
							Corporation, in its sole discretion, may cancel an approval if mutually
							agreeable terms cannot be met within 30 days of notification of the
							approval.
B. In order to safeguard
							the expenditure of public funds and ensure that the disbursement of funds
							further the objectives of the Act, the Grant Agreement shall include, among
							others, the following terms:
1. the maximum
							Grant amount;
2. a description of
							the project for which the Grant has been awarded and a requirement that the
							Grant can only be used for work outlined in that description;
3. a provision that Grant payments shall be
							made in installments upon the completion of specific milestones and the
							Corporation's receipt of evidence demonstrating that such milestones have been
							achieved and, if applicable, evidence of actual project costs;
4. an indemnification provision;
5. reporting and program evaluation
							requirements;
6. a provision
							prohibiting transfer of the Grant; and
7. any other provisions that the Corporation
							determines are appropriate.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.12 - Revocation

Current through June 14, 2024
A. In the event that any information provided
							by the Applicant in its Application is found to be willfully false, the
							Corporation shall deny the issuance of or revoke any Grant in whole or in part,
							which revocation shall be in addition to any other criminal or civil penalties
							that the Applicant and/or the relevant officials of the Applicant may be
							subject to under applicable law.
B.
							The Corporation shall deny the issuance of or revoke any Grant if an Applicant
							or its successor-in-interest is convicted of bribery, fraud, theft,
							embezzlement, misappropriation, and/or extortion involving the State, any state
							agency or political subdivision of the state.
C. The Corporation may provide for additional
							rights and remedies in any Grant Agreement, which will be in addition to the
							rights provided under this Rule.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.13 - Discretion and Judicial Review

Current through June 14, 2024
A. The Corporation
							shall not have any obligation to issue any Grant or make any other award or
							grant any benefits under the Act or these Rules, and may decline to issue a
							Grant to any Applicant, including those who have submitted a completed
							Application that meets the eligibility requirements of §§
										5.6  and
							  5.8     of this Part.
B. A review of an Application shall not
							constitute a "contested case" under R.I. Gen. Laws §
										42-35-9,
							the Administrative Procedures Act, and no opportunity to object to an
							Application shall be afforded, nor shall judicial review be available from a
							decision rendered by the Corporation in connection with any
							Application.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.14 - Administration and Examination of Records

Current through June 14, 2024
The Corporation may examine any books, paper, records or
								memoranda bearing upon the approval of incentives awarded under the Act, and
								may require the attendance of any person executing any Application, report or
								other statement, or of any officer or employee of any taxpayer, or the
								attendance of any other person, and may examine such person under oath
								respecting any matter which the Corporation deems pertinent or material in
								determining eligibility for incentives claimed under the Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 5 - Rules and Regulations for the Industry Cluster Grants Program (870-RICR-20-00-5) › Section 870-RICR-20-00-5.15 - Inspection Rights

Current through June 14, 2024
The Corporation shall have the right at reasonable times to
								make an inspection and to enter upon any property that is the subject of an
								Application during the term of a Grant Agreement to verify compliance with the
								Act, the Rules and such other conditions imposed by the
								Corporation.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.1 - Purpose

Current through June 14, 2024
A. These Rules and Regulations (the "Rules")
				  are promulgated to set forth the principles, policies and practices of the
				  Rhode Island Commerce Corporation in implementing and administering R.I. Gen.
				  Laws Chapter 42-64.27, the Main Street Rhode Island Streetscape Improvement
				  Fund Act (the "Act").
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.2 - Authority

Current through June 14, 2024
A. These Rules are promulgated pursuant to
				  R.I. Gen. Laws Chapter 42-64.27. These Rules have been prepared in accordance
				  with the requirements of the Rhode Island Administrative Procedures Act, R.I.
				  Gen. Laws Chapter 42-35.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.3 - Scope

Current through June 14, 2024
A. These Rules shall apply to any application
				  received by the Rhode Island Commerce Corporation for funding under the Act.
				  Notwithstanding anything contained in these Rules to the contrary, the Rhode
				  Island Commerce Corporation shall have and may exercise all general powers set
				  forth in the Act that are necessary or convenient to effect its purposes and
				  these Rules shall be liberally construed so as to permit the Rhode Island
				  Commerce Corporation to effectuate the purposes of the Act, the public
				  interest, and other applicable State laws and Regulations. The Rhode Island
				  Commerce Corporation, upon an affirmative vote of its board of directors, may
				  provide exemption from the application of such portion of these Rules as may be
				  warranted by extenuating circumstances arising from such application, based
				  upon the written recommendation of the staff of the Rhode Island Commerce
				  Corporation delineating the reasons for such exemption.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.4 - Severability

Current through June 14, 2024
A. If any provision of these Rules, or the
				  application thereof to any person or circumstance, is held invalid by a court
				  of competent jurisdiction, the validity of the remainder of the Rules shall not
				  be affected thereby.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.6 - Eligibility

Current through June 14, 2024
A. The following conditions must be met to be
				  eligible for an Award under the Act:
1. The
				  Applicant must be a municipality, a political subdivision of a municipality, or
				  an Economic Development Organization;
2. The Applicant must have a Committed
				  Match;
3. The Streetscape
				  Improvement Project must be located in an area that is walkable, compact mix of
				  land uses suitable for small business development and commerce and that
				  attracts residents and visitors to frequent the activities located in the
				  area;
4. The requested Award must
				  not exceed thirty percent (30%) of funds available for the fiscal year and a
				  requested Award for a technical assistance project may be no greater than
				  $50,000; and
5. The requested Award
				  must only be for expenses incurred directly and exclusively for the
				  construction of the Streetscape Improvement Project.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.7 - Application

Current through June 14, 2024
A. The Application promulgated by the
				  Corporation shall require submission of the following information from each
				  Applicant:
1. The name of the Applicant and
				  contact information for the individual(s) primarily responsible for oversight
				  and management of the Application;
2. If the Applicant is an Economic
				  Development Organization, a brief description of the organization, its
				  governance structure, its members, and its activities, as well as appropriate
				  evidence demonstrating that the Applicant has the organizational capacity to
				  undertake and complete the Streetscape Improvement Project;
3. A detailed description of the Streetscape
				  Improvement Project, which shall include its specific location, a map
				  delineating the project area, conceptual drawings, and an anticipated
				  construction schedule;
4. A budget
				  for the Streetscape Improvement Project supported by project cost estimates for
				  the work to be performed on the project; such budget shall reflect compliance
				  with the requirements of R.I. Gen. Laws Chapter 37-13 in the event such Chapter
				  applies to the Streetscape Improvement Project;
5. A detailed schedule of the sources and
				  uses of funds for the Streetscape Improvement Project;
6. Evidence of the Committed Match;
7. A plan for the maintenance or upkeep of
				  the Streetscape Improvement Project after completion, including the
				  identification of sources of funds;
8. A description of the economic benefits of
				  the Streetscape Improvement Project, including a discussion of how the project
				  is consistent with existing and planned economic development investment (both
				  public and private) in the area;
9.
				  A delineation of all approvals necessary to complete the Streetscape
				  Improvement Project and evidence that such approvals have been obtained or the
				  anticipated time-frame for the issuance of such approvals; and
10. Any other necessary and relevant
				  information as determined and/or requested by the Corporation.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.8 - Application Review

Current through June 14, 2024
A. The Corporation
				  shall conduct a review of the Applications received on a rolling basis, which
				  may include periodic deadlines that will be published on the Corporation's web
				  site from time to time, until such time as well as available funds under the
				  Act have been committed, at which point the Corporation will cease reviewing
				  Applications until such time as additional funding is available.
B. Each Application shall be reviewed to
				  confirm compliance with the Act and these Rules, and the Corporation may reject
				  any incomplete or deficient Application.
C. The Corporation may require the submission
				  of additional information in connection with any Application or the revision of
				  an Application, and may permit the resubmission of an Application rejected as
				  being incomplete or deficient.
D.
				  After submission of a complete Application and review by the Corporation in
				  accordance with the requirements of the Act and these Rules, the Corporation
				  will determine whether to recommend to the Board that it make an Award to the
				  Applicant. Factors considered in formulation of the recommendation may include:
1. The economic conditions of the
				  municipality where the Streetscape Improvement Project is located;
2. The economic benefits of the
				  project;
3. Consistency with local
				  and statewide planning;
4.
				  Technical and financial feasibility of the project;
5. Level of the Committed Match;
6. Amount of the Committed Match allocated to
				  direct construction costs, as opposed to soft costs;
7. Amount of the Committed Match, if any,
				  coming from the municipality;
8.
				  Firmness of the commitment of the funds constituting the Committed
				  Match;
9. The capital efficiency of
				  the project;
10. Project
				  readiness;
11. Any benefits to
				  public transportation and/or bicycle transportation;
12. Energy efficient of the project;
				  and
13. Operational
				  sustainability.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.9 - Board Approval

Current through June 14, 2024
A. The Corporation
				  shall not make any Award without Board approval.
B. The Board approval shall indicate whether
				  the Award is made as a grant or a loan.
C. In addition to those findings required
				  under R.I. Gen. Laws §
										42-64-10, the Board shall make a finding in
				  connection with approval of any Award that the Streetscape Improvement Project
				  will create an attractive environment for small business development and
				  commerce in the area in which it is located.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.10 - Agreement

Current through June 14, 2024
A. Upon approval of an Award by the Board,
				  the Corporation and the Applicant will enter into an Agreement prior to any
				  funding to the Applicant.
B. In
				  order to safeguard the expenditure of public funds and ensure that the
				  disbursement of funds further the objectives of the Act, the Agreement shall
				  include, among others, the following terms:
1.
				  The maximum amount of the Award;
2.
				  The anticipated deadline for completion of the Streetscape Improvement
				  Project;
3. A schedule and
				  conditions for the disbursement of the Award;
4. a procedure for the certification and
				  auditing of project costs;
5. A
				  provision that the failure to adhere to a certain timeline or to certain
				  conditions may result in forfeiture of the all or a portion of the
				  Award;
6. If the Applicant is not a
				  municipality or political subdivision thereof, representations and warranties
				  that the Applicant is in good standing with the Secretary of State and Division
				  of Taxation at the time of execution of the Agreement and will remain so
				  through the duration of the Agreement; good standing with the Division of
				  Taxation means that the Applicant is current on all taxes or that the Applicant
				  is current on a workout agreement with the Division of Taxation;
7. Indemnification requirements;
8. Default and remedies including events
				  other than those set forth above, if any, that would trigger forfeiture or
				  revocation of the Award; and
9.
				  Reporting requirements including, but not limited to, any requirements under
				  the Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.11 - Discretion and Judicial Review

Current through June 14, 2024
A. The Corporation
				  shall not have any obligation to make any Award or grant any benefits under the
				  Act or these Rules, and may decline to make Awards to any project with respect
				  to which the Corporation has received a completed Application that meets the
				  eligibility requirements of §
										6.5   of this Part.
B. A review of an Application shall not
				  constitute a "contested case" under the Administrative Procedures Act, R.I.
				  Gen. Laws §
										42-35-9, and no opportunity to object to an Application shall
				  be afforded, nor shall judicial review be available from a decision rendered by
				  the Board in connection with any Application.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.12 - Administration and Examination of Records

Current through June 14, 2024
A. The Corporation
				  may examine any books, papers, records or memoranda bearing upon the approval
				  of any grant awarded under the Act, and may require the attendance of any
				  person executing any application, report or other statement, or the attendance
				  of any other person, and may examine such person under oath respecting any
				  matter which the Corporation deems pertinent or material in determining
				  eligibility for Awards claimed under the Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 6 - The Main Street Rhode Island Streetscape Improvement Fund › Section 870-RICR-20-00-6.13 - Inspection Rights

Current through June 14, 2024
A. The Corporation
				  shall have the right at reasonable times to make an inspection and to enter
				  upon any property that is the subject of an Application during the Application
				  process or term of an Agreement to verify compliance with the Act, these Rules
				  and such other conditions imposed in the Agreement or by the
				  Corporation.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.1 - Purpose

Current through June 14, 2024
These rules and regulations (the "Rules") are jointly
					 promulgated to set forth the principles, policies, and practices of the Rhode
					 Island Commerce Corporation (the "Corporation") and the Rhode Island Division
					 of Taxation (the "Tax Division") in implementing and administering R.I. Gen.
					 Laws Chapter 42-64.26, the Stay Invested in RI Wavemaker Fellowship (the
					 "Act").
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.2 - Authority

Current through June 14, 2024
These Rules are jointly promulgated by the Corporation and
					 the Tax Division pursuant to the Act. These Rules have been prepared in
					 accordance with the requirements of the Rhode Island Administrative Procedures
					 Act, R.I. Gen. Laws Chapter 42-35.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.3 - Scope

Current through June 14, 2024
These Rules shall apply to any application received by the
					 Corporation for a tax credit under the Act. Notwithstanding anything contained
					 in these Rules to the contrary, the Corporation shall have and may exercise all
					 general powers set forth in the Act that are necessary or convenient to effect
					 its purposes and these Rules shall be liberally construed so as to permit the
					 Corporation to effectuate the purposes of the Act and other applicable state
					 laws and regulations.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.4 - Severability

Current through June 14, 2024
If any provision of these Rules, or the application
					 thereof to any person or circumstance, is held invalid by a court of competent
					 jurisdiction, the validity of the remainder of the Rules shall not be affected
					 thereby.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.6 - Eligibility Requirements

Current through June 14, 2024
A. To be eligible
				 for an Award the following criteria shall be met:
1. The Applicant shall have graduated from an
				 accredited post-secondary institution of higher learning with an associate's,
				 bachelor's, graduate, or post-graduate degree and at which the Applicant
				 incurred Eligible Expenses;
2. The
				 Applicant shall be offered or has an offer to become a Full-Time Employee with
				 a Rhode Island-Based Employer filling a position located in this State
				 throughout the Eligibility Period; and
3. The Applicant's employment primarily
				 consists or will consist of work in one or more of the following covered
				 fields:
a. For the STEM/design Applicants:
				 life, natural or environmental sciences; computer, information or software
				 technology; advanced mathematics or finance; engineering; industrial design or
				 other commercially related design field; or medical or medical device
				 technology.
b. For Healthcare
				 Applicants: medical and mental health; clinical social work; pharmacy, dental,
				 behavioral health, ancillary supports, and related healthcare fields as defined
				 by these Rules and the Act and interpreted by the Corporation in consultation
				 with EOHHS and the Department of Labor and
				 Training.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.7 - Application

Current through June 14, 2024
A. An Applicant seeking an award shall submit
				 an Application to the Corporation on a form published by the Corporation that
				 shall include the following (and any other information the Corporation deems
				 appropriate):
1. Personal information,
				 including full name, social security number, home address, phone number, email
				 address, and, for Applicants not currently occupying a qualifying employment
				 position, the anticipated state of residence when occupying that
				 employment;
2. Education
				 information to include, as applicable, institutions attended, degrees awarded,
				 grade point average, class rank, honors awarded and certified copies of
				 transcripts;
3. Current employment
				 information (if any);
4. Employment
				 History (if any);
5. Evidence of
				 Current employment offer(s) (if any);
6. Evidence that the employer qualifies as a
				 Rhode Island-Based Employer, in the format prescribed by the
				 Corporation;
7. In the case of
				 Applicants who are not self-employed or not employed as the founder of a
				 company, the employer's endorsement of the Applicant's candidacy, in the format
				 prescribed by the Corporation;
8.
				 In the case of Applicants who are self-employed or are employed as the founder
				 of a company, a form in a format prescribed by the Corporation, and;
9. Loan information, including the type of
				 loan, amount, term, interest rate and monthly payment, as well as information
				 on participation in other loan assistance programs.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.8 - Fellowship Committee Review

Current through June 14, 2024
A. The Corporation
				 shall review each Application received to confirm compliance with the Act and
				 these Rules, and the Corporation's staff shall allow revision or
				 supplementation of any Application prior to review and consideration consistent
				 with the applicable deadline. The Corporation's staff may reject any incomplete
				 Application but shall allow resubmission of an Application rejected as being
				 incomplete consistent with the applicable deadline.
B. The Corporation shall forward all
				 completed Applications submitted within the applicable deadline period to the
				 Fellowship Committee for review. The Fellowship Committee shall review, as set
				 forth herein, eligible STEM/Design Applicants and their Applications for an
				 Award as well as Eligible Healthcare Applicants and their Applications for an
				 Award.
C. The Fellowship Committee
				 shall review Applications on a name-blind and employer-blind basis whereby the
				 Applications and other supporting documents received or reviewed by the
				 Fellowship Committee shall be redacted of the Applicant's name, street address,
				 and other personally identifying information as well as the Applicant's
				 employer's name, street address, and other employer-identifying
				 information.
D. A quorum of those
				 Fellowship Committee members present at a meeting conducted pursuant to R.I.
				 Gen. Laws sect; 42-46-3 shall select recipients for Awards using a competitive,
				 merit-based process and shall submit to the Board for approval a selection
				 process applicable to the consideration and granting of Awards. In selecting
				 recipients for Awards, the Fellowship Committee shall give priority to:
1. Applicants who demonstrate direct value to
				 Rhode Island's advanced economy or healthcare system, as evidenced by, for
				 example, their position's scarcity, value-add, employer type, geography,
				 populations served, and other factors;
2. Applicants who work in those fields
				 critical to Rhode Island's economy, as identified from time-to-time by the
				 Corporation and published on the Corporation's website or Rhode Island's health
				 system priorities, as identified by EOHHS and published on the Corporation's
				 website;
3. Applicants with
				 demonstrated past career and or/academic success;
4. Applicants for whom the Award is likely to
				 play a substantial role in bringing them to or keeping them in Rhode Island, as
				 evidenced by, for example, out-of-state offer letters or existing out-of-state
				 employment;
5. Applicants for whom
				 an Award would represent "last dollar" loan assistance, meaning that the
				 Applicant will have taken advantage of other reasonably available loan
				 assistance and loan forgiveness programs.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.9 - Establishment of the Funds

Current through June 14, 2024
A. The Corporation
				 shall establish funds to collectively administer the STEM/Design and Healthcare
				 Fellowships.
B. Unless specified in
				 the program's annual State budget allocation, awards shall be made to the
				 strongest eligible Fellows between the two programs based on a rubric created
				 by the Corporation. These awards shall be made, irrespective of their applicant
				 type, provided that at least thirty percent of the Fellows represent the
				 STEM/Design Fellowship and at least thirty percent of the Fellows represent the
				 Healthcare Fellowship.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.10 - Award

Current through June 14, 2024
A. The Fellowship Committee shall email an
				 Award Letter to each Applicant selected for an Award, with a copy to the Tax
				 Division which shall include an indication on whether the Applicant is a
				 STEM/Design Fellow or a Healthcare Fellow.
B. The Applicant shall have thirty (30) days
				 from the date of emailing of an Award Letter to accept the Award by
				 countersigning the Award Letter and delivering an executed copy to the
				 Corporation.
C. An Award shall be
				 deemed withdrawn if not timely accepted by an Applicant.
D. The Award Letter shall provide that the
				 annual Tax Credit offered to the Applicant shall be as follows:
1. if the Applicant's highest degree is an
				 associate's degree, the lesser of $1,000 or the Applicant's annual Eligible
				 Expenses;
2. if the Applicant's
				 highest degree is a bachelor's degree, the lesser of $4,000 or the Applicant's
				 annual Eligible Expenses;
3. if the
				 Applicant's highest degree is a master's degree or higher, the lesser of $6,000
				 or the Applicant's annual Eligible Expenses
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.11 - Annual Certification

Current through June 14, 2024
A. Within six (6)
				 months after the end of each Service Period, a Fellowship Recipient shall
				 submit documentation certifying
1. the amount
				 the Fellowship Recipient has actually incurred and paid in Eligible
				 Expenses;
2. that the Fellowship
				 Recipient continues to meet the eligibility requirements throughout the Service
				 Period;
3. that the amount sought
				 in Tax Credits does not exceed the original loan amount plus any capitalized
				 interest less any Award previously claimed under the Act and these Rules;
				 and
4. that the Fellowship
				 Recipient is current on their student loan repayment
				 obligations.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.12 - Issuance and Use of Tax Credit

Current through June 14, 2024
A. Upon the
				 Fellowship Recipient's presentation to the Tax Division of an Annual
				 Certification issued by the Corporation and a completed Tax Credit Award
				 Request Form, the Tax Division shall either issue a Tax Credit Certificate,
				 process a refund request, or a combination of the two to the Fellowship
				 Recipient.
B. The Tax Credit
				 allowed under the Act may be used as a credit against personal income taxes
				 imposed under R.I. Gen. Laws Chapter 44-30.
C. A Fellowship Recipient seeking to claim
				 the Tax Credit Certificate against their tax liability shall attach the
				 original executed Certificate to their tax return.
D. If the amount of the Tax Credit allowed in
				 any Service Period exceeds the Fellowship Recipient's total tax liability for
				 the year in which the credit is allowed, the amount of such credit that exceeds
				 the Fellowship Recipient's tax liability may be carried forward and applied
				 against the taxes imposed for the succeeding four (4) years, or until the full
				 credit is used, whichever occurs first.
E. Upon request of a Fellowship Recipient,
				 the Tax Division shall redeem such credit in whole or in part for one hundred
				 percent (100%) of the value of the Tax Credit to the extent of available funds
				 held by the Corporation in the fund established pursuant to R.I. Gen. Laws
				 sect; 42-64.26-4.
F. The Tax
				 Division may provide for the redemption of the Tax Credits whereby upon the
				 filing of the Certification, the Fellowship Recipient may elect to receive a
				 redemption payment in lieu of the issuance of a Tax Certificate(s) or some
				 portion thereof.
G. A Fellowship
				 Recipient seeking redemption of a Tax Credit Certificate shall file an
				 application on the form prescribed by the Tax Division together with the
				 original Tax Credit Certificate.
H.
				 The Tax Division shall pay the redemption amount within thirty (30) days of
				 receipt of a properly completed request by the Fellowship Recipient pursuant to
				 the provisions of this Part, to the extent of available funds. To the extent of
				 any insufficiency of funds, the Tax Division shall either return any original
				 Tax Credit Certificate to the Fellowship Recipient or issue a new Tax Credit
				 Certificate for such amounts that are not paid as a redemption by the Tax
				 Division.
I. Any amounts paid to a
				 Fellowship Recipient for the redemption of Tax Credits allowed pursuant to this
				 Rule shall be exempt from taxation under R.I. Gen. Laws Title 44.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 30 - Tax Credits and Exemptions › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Wavemaker Fellowship Program › Section 870-RICR-30-00-1.13 - Remedies

Current through June 14, 2024
A. If a Fellowship Recipient receiving an
				 Award violates any provision of the Act or these Rules or ceases to meet the
				 eligibility requirements of the Act and these Rules, the Corporation may, on
				 thirty (30) days' written notice: withhold any further Award until the
				 Fellowship Recipient complies with the eligibility or other requirements of the
				 Award; or terminate the Award.
B.
				 In the event that any information provided by the Applicant in the Application
				 is found to be willfully false, the Corporation shall deny the issuance of or
				 revoke any Award in whole or in part, which revocation shall be in addition to
				 any other criminal or civil penalties that the Applicant may be subject to
				 under applicable law.
C. The
				 Corporation shall deny the issuance of or revoke any Award if an Applicant is
				 convicted of bribery, fraud, theft, embezzlement, misappropriation, and/or
				 extortion involving the State, any State agency or political subdivision of the
				 State.
D. The Corporation may
				 provide for additional rights and remedies in any Award Letter, which will be
				 in addition to the rights provided under this Rule.