- (a) The total maximum funding will be limited to the amount of money made available to the Arkansas Waterways Commission for the program.
(b)
- (1) There is no minimum amount of funding that may be applied for by an eligible applicant.
- (2) The maximum amount that may be applied for by an eligible applicant is the maximum amount of funds available.
- (c) There is no maximum number of awards that can be received for an eligible applicant in one (1) state fiscal year.
- (d) Funds granted may not exceed ninety percent (90%) of construction costs or fifty percent (50%) of dredging costs.